Main Quotes Calendar Forum
اردواردو - Australian dollar compensates for losses

back back next
Analysis News:::2019-05-14

Australian dollar compensates for losses


The Australian dollar and the offshore yuan returned to growth after US President Donald Trump announced that trade negotiations between China and the US will be successful. Earlier, China announced that it would raise tariffs for goods in the amount of $60 billion in response to Washington's decision to increase fees on Chinese imports by $200 billion. Although it takes time for the volatility to fully settle, risk-sensitive currencies, including the offshore yuan and the Australian dollar, feel good after Trump comments. It should be noted that the statement of Beijing about the increase of tariffs on American goods activated movement in the currency market. The move was unexpected, and therefore movements in the foreign exchange market were quite significant. However, despite the fact that Trump is confident that trade negotiations will be successful, we should not forget that success for him will not necessarily be a success for China.


The Australian dollar still manages to compensate for the recent losses. Recall that the currency reacts sharply to news from China since the Australian economy depends on exports, and China is the main trading partner. So in the near future, one should not expect a decrease in volatility. In general, it is expected that market sentiment should not deteriorate in anticipation of Trump and X meeting next month. Despite the fact that there was a lot of negative news, most of them have already played the market.

I Belozerov
Analyst InstaForex
Share this article:
back back next
No results matching your search...
You have watched all the best publications
We are already looking for something interesting for you...
Recently published:
More recent publications...