Friday, June 1, 2018

FW: [Maybank] Eyes On Sino-US Trade Negotiations

 

 

Eyes On Sino-US Trade Negotiations

Global Markets Daily
by Saktiandi Supaat

FX Research

Trump tariffs on steel and aluminium from EU, Canada and Mexico and retaliatory tariffs from Canada could signal the start of a trade war. There was probably some relief in the market that China was not included in the list. Markets will closely watch the Sino-US trade negotiations this week-end. Equity markets in the US and EU were sent lower overnight. Not surprisingly, CAD, EUR & MXN weakened overnight though they are off their overnight lows this morning. Still the overall FX response ...

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