A client note from Credit Agricole makes a point that will be familiar to forexlive traders
Talks about the upcoming G20 summit, highlighting the talks that will occur on the sidelines between the US and China
- a deal between the two on trade would be a positive for risk sentiment
- AUD a beneficiary, the biggest, followed by NOK, SEK, CAD, NZD (but AUD/NZD moves will hold back the kiwi somewhat)
I've been posting on the lead up to the summit and what to watch for 'risk', most recently here
- ICYMI - China response to accusations of unfair trade practices ... 'groundless'
- I think the lead up will be more of a positive for the AUD than after … :-(
More:
- U.S.-China agreement to refrain from escalating the tariff war would be positive for risk, but not as positive as a trade deal
- no deal or agreement to halt tariff hikes a risk-off outcome
