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As just noted in the previous update, according to the Wall Street Journal, President elect Donald Trump is going to delay the implementation of trade tariffs on the likes of China, Canada and Europe. This report cannot be confirmed as holding any truth, but such is the reporting power of the WSJ these days, that quite often it does not need to. So, the US dollar versus the offshore Chinese Yuan has slumped by more than 600 pips on the day now and that has helped to force the Yen higher at the same time. The USD/JPY has now dropped back towards 155.50 and this has seen the major Yen crosses fall back somewhat too. The USD/CNH was trading above 7.3450 earlier today. It has not long ago hit a session low around 7.2800. It is currently trading at 7.2893
Earlier this morning an update here noted that German defence sector stocks were fuelling another push higher in the DAX. Well, since that update the...
The USD/JPY is right now very close to the earlier Asian session low at 151.48, which came after the latest Japanese GDP data beat estimates. The move...
Three of the biggest German defence companies are seeing their share prices rise strongly this morning. The reason for that comes as the markets eye a...
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