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- Written by Corporal
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On the sidelines of the Group of 20 foreign ministers Japan and Australia reiterated that they are to put TPP into effect at an early date. The next day the EU said it welcomes green light to start trade negotiations with Australia and New Zealand.
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- Written by Corporal
- Category: Forex
The European Commission on Tuesday released a statement "welcomes green light to start trade negotiations with Australia and New Zealand. The deal follows Brexit and The U.S. and China putting their trade war on hold. Australia is a major trading partner of China and considered America's closest ally.
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- Written by Helmholtz Watson
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Argentina's currency the Peso collapsed Monday 9% to an all time low against the US Dollar. Nervous investors continued to dump the Peso carry trade ahead of bond repayments and an IMF meeting in fear of another Argentine Currency Crisis.
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- Written by Assistanc3
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ECB President Draghi in his press conference spoke of being surprised by all European countries moderation of growth or loss of momentum after hinting at stronger EuroZone growth previously. They still see hope in wage growth and inflation.
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U.S. President Trump speaking after meeting with French President Macron made comments that could prove devisive to the EU, France and America. He stated "Trade with France is complicated as EU has trade barriers that are unacceptable"
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- Written by Truman
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The Russian Ruble fell around 4% against the USD after the latest sweeping U.S. sanctions from the US. Russia's largest aluminium producer Rusal plunged into crisis leading to panic selling and contagion spread to other companies and bond and FX markets.
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Reports that the White House at next week’s summit of the Americas in Peru wants to present a preliminary NAFTA agreement saw the CAD and MXN rise against the dollar yesterday on the more conciliatory tone of the US.
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“One area that the Federal Reserve is monitoring is the extreme volatility evidenced by some cryptocurrencies,” Federal Reserve Governor Lael Brainard said speaking at New York University’s Stern School of Business.
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- Written by Truman
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Bored by Stormy US politics? Get ready for the Brazil Presidential elections in October. The leader in the polls is a former President is free now but may be locked up in prison. Donald Trump and Hilary Clinton must smile at former President Luiz Inácio Lula da Silva.
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- Written by Corporal
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China’s Foreign Exchange reserves fell by USD27bn in February, the first monthly decline since January 2017. The reaction from the market has been to see as a valulation event rather than as a reflection of capital outflows.
