Forex News Today
http://www.financialmarket24x7.com– The Japanese yen value increased while the Australia and the China currency yuan retreated after the United states announced that it would increase the duties on an extra $200 billion worth of anti dumping duties on Chinese Goods on Yesterday.
The Jpy, frequently sought in times of political tensions and market turmoil, gained against a number of slots following the latest anti dumping duty news. The value of the USD/JPY pair decreased to 110.85 by 12:30AM ET (04:30 GMT) after getting a seven-week high of 111.355 yen earlier on yesterday.
Meanwhile, the the Chinese yuan retreated by the most in more than 7 days as the USD/CNY pair climbed up to 0.6% to 6.6695, though it still stopped some distance from 11-month low of 6.7344 reached in previous week.
The key issue of China’s government is stability," said financial experts "If the market situation deteriorated and the Chinese yuan witnessed further downward pressure, we would expect the authorities to step in, particularly if there were signals of capital flight.
The Us Government announced on Tuesday that it would impose anti dumping duties on an extra 200 billion worth of anti dumping duties on Chinese goods, raising concerns of a full shape of trade war between the world's two largest developed nations. The consumer items are also included in the proposed list such as cloth goods, electronic components and other consumer goods as well as other technology products.
The Us Government officials said a two-months time will be taken that public would be allowed to comment on the proposed tariffs before the list is finalized, though the Us Government had told earlier that his country may finally impose tariffs on more than $500 billion dollars of tariffs on Chinese imports
On the other side , the AUD/USD pair fell 0.7% 0.7407 due to the trade war between the two major economically strong countries
The American Dollar today trade fell against a basket of currencies, around 0.14% to 93.98 on today after the news came from the Us Government.
http://www.financialmarket24x7.com/forex-news-today
The Jpy, frequently sought in times of political tensions and market turmoil, gained against a number of slots following the latest anti dumping duty news. The value of the USD/JPY pair decreased to 110.85 by 12:30AM ET (04:30 GMT) after getting a seven-week high of 111.355 yen earlier on yesterday.
Meanwhile, the the Chinese yuan retreated by the most in more than 7 days as the USD/CNY pair climbed up to 0.6% to 6.6695, though it still stopped some distance from 11-month low of 6.7344 reached in previous week.
The key issue of China’s government is stability," said financial experts "If the market situation deteriorated and the Chinese yuan witnessed further downward pressure, we would expect the authorities to step in, particularly if there were signals of capital flight.
The Us Government announced on Tuesday that it would impose anti dumping duties on an extra 200 billion worth of anti dumping duties on Chinese goods, raising concerns of a full shape of trade war between the world's two largest developed nations. The consumer items are also included in the proposed list such as cloth goods, electronic components and other consumer goods as well as other technology products.
The Us Government officials said a two-months time will be taken that public would be allowed to comment on the proposed tariffs before the list is finalized, though the Us Government had told earlier that his country may finally impose tariffs on more than $500 billion dollars of tariffs on Chinese imports
On the other side , the AUD/USD pair fell 0.7% 0.7407 due to the trade war between the two major economically strong countries
The American Dollar today trade fell against a basket of currencies, around 0.14% to 93.98 on today after the news came from the Us Government.
http://www.financialmarket24x7.com/forex-news-today
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