US FX Handover: Tariff Man’s New Chinese Ultimatum
Matt Weller, CFA, CMT June 10, 2019 4:02 PM
See a summary of the top FX themes and trends from today's US session!
- After announcing an immigration deal with Mexico to avert tariffs this weekend, President Trump threatened to put tariffs on $300B of Chinese exports if President Xi doesn’t meet with him at the G20 Summit.
- Nine candidates threw their hats into the ring to be the next British PM, with bookies installing Boris Johnson as the clear favorite. Johnson favors a Brexit on October 31, regardless of whether the UK has a deal in place or not.
- North American currencies were the strongest majors today, with the peso, loonie, and greenback all gaining ground against most rivals.
- The Aussie and the Kiwi were today’s weakest major currencies.
- See our latest analysis on EUR/USD, EUR/GBP, and USD/JPY!
*No major macroeconomic data is scheduled for release in tomorrow’s Asian session.*
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