On Thursday, prices of the key crypto assets headed north in Asia…
Greenback edges down versus yen on surging worries over trade clashes
On Tuesday, the evergreen buck went down versus the Japanese yen during the Asian trade because worries as for the intensification of the struggle between America and its trading partners kept reducing risk appetites.
Financial markets are concerned about mixed messages from the American government as for its international trade stance.
On Monday, American Treasury Secretary Stephen Mnuchin told that the forthcoming limitations on investments from the department are going to be specific not only for China. They will also have to do with all countries, which are willing to thieve US technologies.
Nevertheless, this statement was debunked by the White House Trade and Production Advisor Peter Navarro. This statesman told that any investment limits rolled out by the current presidential administration would be focused on China, and not on other nations.
It seems that the US authorities still have several different views on the proposed limits on foreign investment. Market experts are assured that the stock and currency markets will probably nervous due to messages having to do with trade until July 6, exactly when Trump will uncover his next steps in the trade war with China.
Worries were driven by the news that after on Friday Trump had threatened to put a 20% duty on vehicles imported from the EU, the European bloc told it would have to adequately respond.
The Chinese currency headed south steeply versus the evergreen buck. The currency pair USD/CNY managed to surge to 6.5552 on Tuesday, which is its highest value since December 28. It was probably caused due to the introduction of liquidity by China’s key financial institution.
On Sunday, China’s major bank told that it would cut the amount of cash that some financial institutions are obliged to keep in reserve.
On Thursday, the common currency stood still after evidence of strength in the Chinese economy improved the outlook for the world economy, with the financial markets looking next to EU gauges to provide the euro with a further boost…
On Wednesday, the evergreen buck stood still in holiday-thinned trade because another round of positive earnings kept pushing traders towards equities as well as other riskier assets…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…