It has been a very busy Asian morning for significant news
The People's Bank of China daily mid rate setting for the onshore yuan is next, and that can be a bombshell some days too
So I wanted to do a mini-wrap ahead of that (PBOC due just after 0115GMT)
Read from the bottom up for the chronological order:
- More from Trump: Would be foolish for Federal Reserve to raise rates next week
- RBA - NAB drops its forecast for a rate hike in 2019
- AUD liking the Trump comments
- More from Trump: China is buying a tremendous amount of soybeans
- Trump would intervene in Huawei CFO case if 'good for this country' (more)
- Trump says release of Huawei CFO could be part of a trade deal with China
- Huawei CFO Meng Wanzhou to be released on bail
Currencies?
- CAD, AUD performing notably well against the USD (this is Asia so the moves are not blockbusters)
- EUR, GBP both nudging a little better against the USD
- USD/JPY has made a fresh high (compared to its overnight Europe/US move)
AUD/USD has work to do where it is right now (I posted this earlier … still relevant)
