Pre-Trump Trade Battles and Currency Fears
Thursday 18th July 2024
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It doesn\u2019t take Donald Trump to launch a trade war with China. The Biden administration has threatened further limits on microchip exports to China, which hit tech stocks heavily in the US. NAB\u2019s Taylor Nugent says currencies, meanwhile, have reacted to comments from Donald Trump, who said he\u2019s like to see a weaker US dollar, to compete against the weak Yen and Yuan. Today we look at the latest New Zealand and UK inflation numbers, and their influence on rate cuts, as well as looking ahead to today\u2019s employment data for Australia. And the ECB, expected to be on hold, but there\u2019s a press conference elater, if you want to stay up for it. If not, listen in to tomorrow\u2019s podcast and get a decent night\u2019s sleep in the meantime.
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