Trade War Update: Trump Readies New Tariffs on all $500bln Worth of Chinese Goods

Trade War Update: Trump Readies New Tariffs on all $500bln Worth of Chinese Goods

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Global equities fall and USDCNH rises to fresh highs after President Trump readies tariffs on all import from China.

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The US Dollar is trading at a fresh one-year high via 'DXY', and the door appears open for a continuation of strength. We look at a series of potential topside targets while honing-in on bearish theme... Continue Reading

EURO
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While the US-China trade war may be in a state of attrition, China is certainly winning the currency war with its depreciation of the Yuan.
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ASIA
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The British Pound may rebound after yesterday’s Brexit-related losses as UK CPI uptick puts August BOE rate hike back into the spotlight.
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