Trade war is on going and start to explode, as reported from White House. The administration of US President Donald Trump has already imposed trade barriers on Chinese metals, and news that Beijing was doing the same on 128 different US goods was merely the implementation of a measure already announced. However there are clearly some hopes in the market still that full-blown trade conflict will yet be avoided.
Meanwhile, The Australian Dollar seems to be forming another lower high on its daily technical chart, but given the holiday, and quarter-end flows, it may make sense to keep an eye on this trend for a day or two yet. meanwhile
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