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China Pessimistic on Trade, GBP up on UK Politics, RBA Minutes Hurt AUD


Risk appetite eased yesterday after a report said that China’s mood over a trade deal with the US is pessimistic. In the FX world, the pound was the main winner, aided by polls suggesting that the Conservative Party is heading towards a victory in the December elections. The Aussie was among the losers as the RBA minutes showed that officials discussed the case of easing at their latest meeting.

Appetite Eases Somewhat on Doubts Over a Trade Deal

The dollar traded mixed against the other G10 currencies on Monday and during the Asian morning Tuesday. It gained against NOK, AUD and NZD, while it underperformed versus GBP, JPY, EUR and CAD. The greenback traded virtually unchanged against CHF and SEK.

The strengthening of the safe-haven yen combined with the weakening of the commodity-linked currencies AUD and NZD suggests that market sentiment took a hit at...

Read the full financial markets daily report on JFD Research.

JFD Review

Source: https://www.jfdbank.com/en/research/china-pessimistic-on-trade-gbp-up-on-uk-politics-rba-minutes-hurt-aud-20191119
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