The Australian dollar is not waiting for Trump's two weeks, dropping under 0.6400 as I post (AUD is particularly sensitive to trade war developments)
Greg had the headlines here:
US President Trump speaking at a White House event,
- told media China may or may not keep the trade deal.
- and that he would be able to report in about a week or two on whether China is fulfilling its obligations under the Phase 1 trade deal
The deal was signed back in January but apparently Trump does not have a handle on how implementation is going, hence another two weeks wait.
We've been tracking the renewal of deterioration in US-China relations and its 'risk' impact over the past two weeks or so. Trump and Pompeo both on the attack.
As well as a negative for AUD its a negative input to stocks and other 'risk' - keep an eye on the yuan also, negative for that too .
