ForexLive Asia FX news wrap: More tariffs on China coming Monday?

Author: Eamonn Sheridan | Category: News

Forex and Bitcoin news for Asia trading Monday 17 September 2018 

Data today:


Over the weekend the Wall Street Journal reported US President Trump is expected to announce additional tariffs on $200B of Chinese goods as early as Monday. The journal cited an unnamed senior administration official. In turn China trotted out their own unnamed official, who said China would not proceed with planned trade talks (set for 20 September) with a gun pointed at its head - i.e. the new tariffs).

This escalation was a weight on regional stocks here in Asian on Monday, relieved somewhat (barely) by a one-year funds injection from the People's Bank of China. 

The Shanghai Composite is on approach to its lowest in four years. 

Japanese markets were closed for a holiday.

For FX it was a day of narrow ranges pretty much across the board. There was a tiny amount of movement only. The economic calendar was spare, a few minor releases only.  NZD/USD and Cable may have been the largest ranges on the session, clocking in at around  30+ and 25+ points high to low respectively. As i post both, indeed all, are little net changed on the session.

Still to come:

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose