Currencies

Dollar Rallies Overnight In Asia

May 28, 2019

On the whole, global equities have advanced in the overnight session along with U.S equity futures as investors and traders return from a U.S and a U.K bank holiday. The ‘big’ DX has found some traction with U.S Treasuries, while crude oil trades mixed along with gold.

Tit for Tatt

There has been no progress in global trade talks – China, U.S Europe or Japan – according to President Trump the U.S is not ready to make a deal, so much so that American tariffs on Chinese goods “could go up very, very substantially, very easily.” On the other hand, China has been trying to play down the impact of the trade war on its economy, saying higher tariffs will have a “very limited” impact and would hurt the U.S about as much.

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