NZDUSD affected by the trade war?
Updated
China has retaliated and applied tariffs on 106 US imports (25% tariffs on US Soybeans). This will cause further uncertainty not only to US but the global growth, especially economics with greater dependency on trade. In this scenario, we are likely to see weaker USD with an increased appetite for reserve currencies (JPY).
Tonight we have a range of economic data to be released, especially the UK Construction PMI, US ADP Non-Farm and ISM PMI.
But, with the view of the potential of a trade war on the table, I would be even more cautious trading these news releases.
Tonight we have a range of economic data to be released, especially the UK Construction PMI, US ADP Non-Farm and ISM PMI.
But, with the view of the potential of a trade war on the table, I would be even more cautious trading these news releases.
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