The loonie awaits the important release
Canada will release the level of CPI on August 21, at 15:30 MT time.
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.
Similar
Weekly Cryptonews
Cryptocurrencies are going down... What may signal a recovery?
Jobs data for Australia may support the AUD
Australia will release the level of employment change and unemployment rate on August 15, at 4:30 MT time.
Latest news
Bitcoin dives 14%, slumping below $5,000
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
British inflation tacks on for the first time this year
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Market updates on June 18
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.
Deposit with your local payment systems
