The US dollar has powered ahead of a falling Yuan today as the Trump administration threatens to lift the tariff rate on $200 billion of Chinese imports to 25%. Phil Dobbie talks to NAB’s Tapas Strickland, who explains the market reaction. They also look at the latest in Japan’s yield control, the Bank of England rate rise, the Aussie balance of trade figures, plus a look ahead to tonight’s Non-Farm Payrolls numbers from the US.
The US dollar has powered ahead of a falling Yuan today as the Trump administration threatens to lift the tariff rate on $200 billion of Chinese imports to 25%. Phil Dobbie talks to NAB’s Tapas Strickland, who explains the market reaction. They also look at the latest in Japan’s yield control, the Bank of England rate rise, the Aussie balance of trade figures, plus a look ahead to tonight’s Non-Farm Payrolls numbers from the US.