
The US dollar is heading for the best week in three. The market sentiment is mixed as optimism about the global economic recovery was outshined by increasing tensions between the West and China.
In September, China's all-mighty export engine suddenly kicked into higher gear, generating a record trade surplus with America that could potentially worsen the already-heated clash between the two leading economies.
Market experts told that the previous month’s firm export surge that might indicate that American levies aren’t biting a lot won’t probably be sustained.
Nevertheless, the firm numbers reported on Friday by China's customs agency could potentially justify another fierce reaction from Donald Trump.
In September, exports managed to head north by 14.5% from 2017, demonstrating the fastest tempo since February, as follows from the customs data. It surpassed August's outcome of 9.8% as well as a Reuters survey estimate of 8.9%.
A weaker Yuan that has slumped nearly 6% versus the evergreen buck in 2018 might have taken the sting out of the levies slapped on $250 billion of exports to America.
Notwithstanding worries from some statesmen as to a weakening Yuan, American Treasury staff haven’t advised to label the key Asian partner as a currency manipulator in an upcoming report on foreign exchange rate practices.
In September, China's politically-sensitive surplus with America amounted to about $34.13 billion, exceeding August’s record outcome of $31.05 billion.
China’s export data has appeared to be shockingly resilient to levies, probably due to the fact that Chinese firms stepped up shipments before broader as well as stiffer American levies came true, generating fears as for a steeper dive in export strength once all duties come into effect.
In addition to electrical machinery, China’s exports for furniture, textiles and processors all jumped faster than in August, as the customs data revealed.
In September, China's exports to America kept soaring at a double- digit clip in contrast with 2017, while imports sank for the first time since February.
The US dollar is heading for the best week in three. The market sentiment is mixed as optimism about the global economic recovery was outshined by increasing tensions between the West and China.
Rising yields, potential US tax hikes, and inflation fears worry investors. As a result, the market sentiment is risk-off. Stocks are falling, while the USD and the JPY are edging higher.
Jump in to get the latest market news and fresh technical analysis of EUR/USD and GBP/USD!
In this article, you'll find the list of the hottest stocks to trade on April 19-23, which will publish their earnings!
While Citigroup reports better-than-expected quarterly data, it is also aims at restructuring its global presence. What will be the impact?
What's moving markets on Friday? What is the hottest news? Let's find out!
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in 00:30:00
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.