Thailand Looks to Rein in Baht as It Hits 6-Year High

(Bloomberg) — The Bank of Thailand is considering imposing additional measures to rein in the currency amid further gains in the baht to a six-year high and worries about economic growth.

The economy could be more sensitive to greater currency appreciation, the Bank of Thailand said in minutes of the Sept. 25 monetary policy committee meeting published on Wednesday. This would be an “additional pressure” on softening domestic demand, particularly exported-related manufacturing and services, it said.

The committee “saw the need to closely monitor developments of exchange rates, capital flows, and impacts on the economy through various channels, as well as consider implementing additional measures at an appropriate timing if necessary,” the central bank said.

The monetary authority took steps in July to curb short-term inflows, worried that a strengthening baht will add further pain to an export-reliant economy already being hit by the U.S.-China trade war. The currency has gained more than 7% against the dollar this year, making it the best performer in Asia.

More Steps

Additional currency measures could include continued relaxation of capital outflow regulations to encourage Thai residents to increase their portfolio investment abroad, the central bank said. It could also consider measures in collaboration with other organizations, “including efforts to stimulate investment to reduce the elevated current-account surplus.”

The comments came on the same day the baht rose to as high as 30.334 per dollar, the strongest level since June 2013. It was up 0.3% at 30.345 as of 10:33 a.m. in Bangkok.

The central bank left its benchmark interest rate unchanged in September after reducing it to 1.5% in August.

The MPC “saw the need to preserve policy space in order to cushion against possible risks in the future and deemed it necessary to monitor the impacts of the policy rate cut and fiscal stimulus measures on the economy,” according to the minutes. The panel will be “data-dependent” going forward, and will monitor growth, inflation and financial stability risks, it said.

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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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NewsBreak: Euro Hits New 2019 Low vs Dollar

© Reuters.  © Reuters.

Investing.com — The euro hit a new low for 2019 against the dollar, falling to $ 1.0923 as of 6:45 AM ET (1045 GMT). There was no immediate trigger for the new low, but it came against a backdrop of fresh uncertainty over European Central Bank policy after the resignation late Wednesday of Sabine Lautenschlaeger in an apparent act of protest against President Mario Draghi’s insistence on reviving quantitative easing.

  • hit a six-year low earlier this week
  • Risks of disorderly Brexit also rising as U.K. PM Johnson signals defiance toward opponents
  • also down fractionally at 0.8856.
  • Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

    Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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    Yahoo email fault hits BT, Sky and TalkTalk customers

    Yahoo says most of its email services are working again following a fault that affected users across the world for more than seven hours.

    It had been impossible for people to send and receive messages using the platform or check their webmail accounts.

    In the UK, the problem had impacted BT, Sky and TalkTalk’s email accounts, which are powered by the firm.

    Downdetector indicates that the problem began at about 07:00 BST.

    “Most services are back online,” Yahoo tweeted shortly after 14:30 BST.

    “We are sorry for the inconvenience and thank you for your patience as we get everything back up and running.”

    The business is owned by the US communications firm Verizon.

    Those with AOL accounts had also been affected.

    Internet faults of one kind or another are not uncommon, but it is relatively unusual for them to last this long.

    Some customers who have reported being able to access their accounts again, say that several hours-worth of emails appear to be missing.


    Have you or your business been affected by the fault? If you have another, unaffected email account you can contact us: haveyoursay@bbc.co.uk.

    Please include a contact number if you are willing to speak to a BBC journalist. You can also contact us in the following ways:

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    ForexLive Americas FX news wrap: China hits back, Trump responds with more tariffs

    Forex news for Americas trading on August 23, 2019:

    Markets:

    • S&P 500 down 76 points to 2847
    • WTI crude down $ 1.42 to $ 53.93
    • Gold up $ 28 to $ 1526
    • US 10-year yields down 8 bps to 1.53%
    • JPY leads, USD lags

    It was one for the history books.

    It started just as New York traders were ramping up for the day. That’s when China announced retaliatory tariffs. The market took that in stride for the most part. Stock futures dipped and so did yen crosses but it was modest.

    That was partly due to apprehension about making any moves before Powell. When the Fed speech came out it was a bit of a dud but he didn’t repeat ‘mid-cycle adjustment’ and noted that risks were higher so that was dovish enough and risk trades did a bit better while the dollar sagged.

    But it really kicked off shortly afterwards when Trump tweeted calling Powell an enemy but in that same tweet he hinted at an announcement of some kind. The market didn’t pick up on that part initially but it did later when he explicitly said an announcement was coming on China.

    That sparked a rout in risk trades and the dollar. It was a deep blow for yen crosses with some breaking the range lows including EUR/JPY and NZD/JPY. USD/JPY fell 120 pips to 105.25 which was the lowest since Aug 12 and only narrowly above the Aug lows.

    Cable gave back some of yesterday’s rally early but used the weak dollar to turn the day around and finish near the highs of the week at 1.2280.

    USD/CAD fell even with oil prices lower. The pair finished at the lows of the day at 1.3274 after hitting 1.3320 early. The Canadian retail sales report was very strong and it’s going to leave the BOC with little choice but to wait and see on rates.

    With the final Trump announcement on tariffs coming after markets were closed, we’re sure to have a lively open Monday. See you then.

    Forex news for Americas trading on August 23, 2019:

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    Forex – Dollar Hits 2-Month High on Brexit Woes; GDP Data Eyed

    Investing.com — The dollar hit its highest level in two months early Friday in Europe, resuming its upward trend against both the euro and sterling after unconvincing performances on Thursday from both the European Central Bank and the U.K.’s new Prime Minister.

    The , which tracks the greenback against a basket of developed-market peers, rose 97.627 during Asian trading and was hovering just below that level 4 AM ET (0800 GMT). That was its highest since late May.

    The dollar’s rise is somewhat counter-intuitive, given that second-quarter figures for the U.S., due at 8:30 AM ET (1230 GMT), are expected to show a sharp slowdown in growth to an annual rate below 2%.

    “A number below 2% would be the first reading that low since Q1 2017, and represent a meaningful deceleration,” said John Velis, a currency strategist with BNY Mellon.

    The dollar is partly the beneficiary of other currencies’ weakness. Brexit continues to cast shadows over both the pound and, to an increasing extent, the euro, after Prime Minister Boris Johnson’s first overtures to the EU were brusquely rejected by officials on Thursday.

    Johnson has said that the Withdrawal Agreement hammered out by his predecessor Theresa May is dead. However, in a telephone call, outgoing European Commission President Jean-Claude Juncker rejected his demands for a renegotiation and said it was “the best and only deal possible.”

    has bumped along at multi-year lows since the prospect of a “N-Deal” Brexit under Johnson became the central case scenario two months ago. A new paper by analysts at the Peterson Institute for International Economics argued that while Brexit will leave no country better off, it will hit the U.K. far harder than anyone else.

    However, the Brexit effect on the euro is more recent. Clemens Fuest, the head of the Ifo think tank in Munich, told Bloomberg on Thursday that German manufacturing is “in freefall” and that he didn’t expect the decline to bottom out in the event of a No-Deal Brexit.

    Sterling’s brief bounce after Johnson’s appointment has now completely reversed and the pound was heading back toward the two-year low it hit on Tuesday.

    The euro, meanwhile, was treading water, roughly where it was before the ECB’s ‘all-talk-and-no-action’ governing council meeting Thursday. The euro zone’s central bank indicated it could ease policy substantially in September but disappointed hopes for a modest 0.1% cut in its deposit rate.

    Elsewhere, the Turkish lira showed few ill effects of the sharp cut in interest rates from Turkey’s central bank on Thursday. The 425 basis point cut to 19.75% in the CBRT’s key rate was the largest since the country switched to inflation targeting in 2002, and was sharper than the 300 basis points called for by President Recep Tayyip Erdogan. The was at 5.6848 to the dollar, well within its recent ranges.

    Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

    Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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    Italian Bond Rally Hits a Hurdle as Election Uncertainty Grows

    (Bloomberg) — This week’s rally in Italian bonds has come to a halt on uncertainty over whether the country is heading for an election.

    Benchmark 10-year yields jumped Friday, after falling to a three-year low Thursday, on a report that Deputy Prime Minister Matteo Salvini hadn’t decided whether to hold a snap election. The securities are still on their longest-winning weekly streak in five years as investors bet on monetary policy easing by the European Central Bank.

    Salvini is seen as Italy’s most powerful politician following his League party’s strong performance in May’s European vote. President Sergio Mattarella wants him to make his intentions on an election clear in the next 48 hours, so that any new government can be in place by October to deal with the 2020 budget and deficit talks with the European Commission, according to an official.

    “The uncertainty of a general election tends to make investors cautious, hence this knee-jerk BTP selling and spread widening,” said Peter Chatwell, head of European rates strategy at Mizuho International Plc.

    The yield on Italy’s 10-year bonds rose five basis points to 1.60%, widening the premium over its German peers by six basis points to 193 basis points. Yields have fallen for seven weeks, the longest streak since 2014.

    Italian and Greek bonds have been leading the rally across Europe in the past month after ECB President Mario Draghi flagged possible further stimulus. The ECB meets to discuss policy next week. That means there are now plenty of “willing profit takers” after the run of gains, said Charles Diebel, head of fixed income at Mediolanum S.p.A.

    “Many investors recently increased their exposure to peripheral European government bonds on the back of the prospect of ECB easing, expected to be delivered by September,“ said Martin van Vliet, a rates strategist at Robeco. “This bout of uncertainty affects conviction.”

    (Adds comment by Martin Van Vliet in the seventh paragraph.)

    Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

    Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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    ECB Pushes Back Bank Rate Hike Again as Trade War Hits Euro Zone

    © Reuters.  © Reuters.

    Investing.com — The European Central Bank again pushed back the date when it will start to consider raising interest rates, effectively acknowledging that the global slowdown largely started by the U.S.-China trade dispute is undermining the Eurozone economy too.

    However, the bank chose not to reintroduce the possibility of another interest rate cut into its forward guidance. That raises the likelihood that the euro’s interest rate differential with the dollar will narrow in the future, given that the Federal Reserve appears to be pivoting to a looser policy stance.

    In a statement, the ECB said that “the Governing Council expects the key ECB interest rates to remain at their present levels at least through the first half of 2020.”

    It’s the second straight meeting that the ECB has extended the timeframe for its first hike since 2011. At its last meeting, it had pushed out the timing from September to the end of 2019. The new stance means that whoever replaces Mario Draghi as president of the ECB in November will find it near impossible to move the bank’s interest rates for at least eight months.

    “The biggest news for markets is not that the ECB won’t hike, but that the ECB won’t *cut* rates over the next 12 months,” said Pictet Asset Management economic Frederik Ducrozet via Twitter.

    In addition, the bank said it would price its new round of “Targeted Long-Term Refinancing Operations”, or TLTROs, which begins in September, at as little as 10 basis points over its deposit rate, which is currently at -0.40%. The precise rate will vary, depending on how much banks lend on to companies and households.

    The reacted by rising around one-third of a cent against the dollar, hitting an intra-day high of $ 1.1271, while the yield on the benchmark rose by 2 basis points to -0.21%, having been close to a new all-time low immediately before the decision.

    “ECB forward guidance change was the big underpriced risk today and it has now materialized,” said Lena Komileva, chief executive of G+ economics. “Once again, Draghi’s ECB has moved ahead of the markets’ expected timeline.”

    As expected, the ECB left its official interest rates all unchanged. The deposit rate has been at -0.4% and the key refinancing rate has been at 0% since March 2016.

    President Mario Draghi will expand on the decision at his press conference, which begins at 8.30 AM ET (1230 GMT).

    Draghi is also due to unveil the ECB’s updated forecasts for growth and inflation for the next two years.

    Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

    Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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    Forex – Dollar Hits 3-Week Lows on Fed Rate Cut View

    © Reuters.  © Reuters.

    Investing.com – The U.S. dollar hit three-week lows against a currency basket on Tuesday as growing expectations for an interest rate cut by the Federal Reserve pressured Treasury yields, while persistent concerns over the global growth outlook boosted the safe haven yen.

    The benchmark Treasury’s yield fell to its lowest since September 2017 overnight, near 2%, after St. Louis Federal Reserve President James Bullard said a rate cut “may be warranted soon” given weak U.S. inflation and the threat to economic growth posed by global trade tensions.

    The Japanese has been the main beneficiary from the flight to safety. It was near four month highs at 108.0 yen per dollar by 04:02 AM ET (08:02 GMT).

    The firm yen weighed on the , which was at 97.067 after hitting a three-week trough of 96.917 overnight.

    “As long as it (the dollar) is at the center of the trade conflict, U.S. yields fall due to concerns about real economic effects and the market is literally calling out for rate cuts, there are no positive arguments supporting the dollar,” Commerzbank analyst Antje Praefcke said.

    Other strategists were less bearish on the dollar, arguing that rate cuts had already been priced into the currency and noting that if global growth does worsen, the dollar should benefit from its safe-haven credentials.

    The rose 0.2% to 1.1261, helped by dollar weakness.

    The European Central Bank meets on Thursday, and investors are also eyeing flash euro zone inflation data due at 0900 GMT. Analysts remain cautious on its prospects.

    “Considering the euro zone’s close ties with the Chinese economy, the euro is one of the currencies that stands to be most affected by a Chinese economic downturn – a risk associated with the escalating U.S.-China trade war,” said Tokyo-based Junichi Ishikawa, senior FX strategist at IG Securities.

    Elsewhere, the was little changed after the Reserve Bank of Australia cut interest rates to a record low of 1.25%, as expected.

    The was little changed at 1.2656 up from a five-month trough of 1.2560 set on Friday.

    Sterling has fallen on the prospect of a eurosceptic prime minister replacing Theresa May who could push for a more decisive break from the European Union, Britain’s largest trading partner.

    –Reuters contributed to this report

    Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

    Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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    Trump’s ‘Easy’ Trade War Hits Snags as China Plays the Long Game

    © Bloomberg. MONESSEN, PA - JUNE 28: Presumptive Republican candidate for President Donald Trump speaks to guests during a policy speech during a campaign stop at Alumisource on June 28, 2016 in Monessen, Pennsylvania. Trump continued to attack Hillary Clinton while delivering an economic policy speech targeting globalization and free trade. (Photo by Jeff Swensen/Getty Images) © Bloomberg. MONESSEN, PA – JUNE 28: Presumptive Republican candidate for President Donald Trump speaks to guests during a policy speech during a campaign stop at Alumisource on June 28, 2016 in Monessen, Pennsylvania. Trump continued to attack Hillary Clinton while delivering an economic policy speech targeting globalization and free trade. (Photo by Jeff Swensen/Getty Images)

    (Bloomberg) — In June 2016, presidential candidate Donald Trump stood between bales of crushed aluminum and a crowd of supporters in a factory outside of Pittsburgh and made a promise on trade that wasn’t hard to keep.

    “If China does not stop its illegal activities, including its theft of American trade secrets, I will use every lawful — this is very easy. This is so easy. I love saying this,” he told workers at the recycling firm Alumisource, a former steel plant in Monessen, Pennsylvania. “I will use every lawful presidential power to remedy trade disputes.”

    Three years later, he has clearly delivered on the pledge.

    Trump’s tariff-driven attack against the world’s No. 2 economy has shown that expanding trade powers has indeed been the easy part. But as events this week show, winning a trade war against China — which Trump once tweeted would also be “easy” — looks increasingly like a more difficult and protracted endeavor than anticipated, with Beijing now showing more signs of digging in than capitulating.

    Trump’s hawks have been arguing ever since the president took office that the only way to get China to make meaningful changes to what some openly call a “deviant economic model” is to continue punching it in the nose until you force surrender. Yet the big question looming now is whether that belligerent approach may be backfiring with daunting consequences for the global economy.

    After Trump escalated his tariff war on Chinese imports earlier this month and blacklisted Chinese telecom giant Huawei Technologies Co., Chinese President Xi Jinping called on citizens to join a “new Long March,” prompting echoes of that call in Chinese state media.

    “All of the Chinese people are ready to embark on a new ‘Long March’ journey with greater courage and resilience and will never yield to foreign bullying and assault,” state-run Xinhua News Agency said in a commentary on Friday.

    The hope for a respite from rising tensions now rests on a planned meeting between Trump and Xi on the sidelines of a late-June Group of 20 Summit in Japan. But it’s not clear that meeting will even take place. Cui Tiankai, China’s ambassador to the U.S., told Bloomberg Television on Friday that there had not yet been any official discussions about a meeting, though “the possibility is always open.”

    “If things continue the way they are why would Xi want to meet with Trump,” said Jeffrey Schott, a senior fellow at the Peterson Institute for International Economics. “Every day the wedge between the U.S. and the Chinese side seems to get bigger and there’s no sign of any bridges being built.”

    China is also not the only one showing signs of preparing for a longer trade war.

    Trump this week announced a new $ 16 billion aid program for farmers caught in the trade wars to whom just weeks ago he had been promising a deal with China that would mean huge new purchases of their crops. He also has settled a dispute with Canada and Mexico over steel tariffs, which had led to retaliation by the U.S. neighbors against agricultural exports.

    Commodity markets are reflecting the gloomy prospects for the trade talks.

    The price of U.S. soybeans, which China has stopped purchasing during the trade feud, is hovering close to the lowest level in a decade just as planting season gets under way. A headline this month in the Des Moines Register, the biggest newspaper in Iowa, underscored the pain: “It can’t get any worse.”

    Clothing, Smartphones

    A bigger potential economic and political risk now confronting Trump is the risk that the next wave of his tariffs will hit consumer staples like children’s clothing and smartphones imported from China and thus envelop the entire U.S. economy.

    The fear of rising prices caused Treasury Secretary Steven Mnuchin to pick up the phone and speak with Walmart (NYSE:) Inc. Chief Financial Officer Brett Biggs, who has warned that duties on Chinese imports will raise prices for American consumers.

    “I am monitoring this situation carefully,” Mnuchin told the House Financial Services committee on Wednesday.

    China is turning the tables on the U.S., accusing the Trump administration of overreach and government intrusion into private enterprise. Though many in Washington believe the administration has valid security concerns, the restrictions on Chinese companies such as Huawei, in particular, have raised fears of a bigger technological war that could backfire against the U.S.

    Tech Progress

    “What are people really up to under the pretext of national security? We don’t know,” Cui said Friday. “Can they really stop the technological progress? Can they really deprive people of the right to benefit from the technologies? I don’t think so. And do they really have the interests of the American people in mind? I don’t think so either.”

    The escalating battle over Huawei has left U.S. suppliers caught in the middle and raised questions for some industries about what some already see as the inevitable long-term damage to their position in the lucrative Chinese market.

    John Neuffer, president of the Semiconductor Industry Association, said chip makers like many U.S. industries supported U.S. efforts to bolster national security. But U.S. semiconductor companies had also faced a “significant and immediate adverse impact’’ from the blacklisting, he said.

    2020 Elections

    In playing the long game, China may be looking at Trump’s weak poll numbers and trying to wait him out, in the hopes that a Democrat might unseat him in the 2020 election. Trump and those close to him see that as a miscalculation, portraying his tough stand on China as a political asset.

    That confidence might be overstated around the Monongahela River town where Trump laid out his trade strategy during the 2016 campaign. Even after tariffs on steel imports from China and other countries, the industrial rebirth there hasn’t happened as he promised.

    “We really haven’t seen much of a change in the revitalization that he spoke of with the mills,” said Leanna Spada, director of the Mon Valley Regional Chamber of Commerce in Charleroi, Pennsylvania. “There are some people who think it’s going to happen, but some still don’t see it — it’s just not feasible.”

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    Forex – Dollar Hits 3-Week High on Huawei Relief, RBA Rate Talk

    © Reuters.  © Reuters.

    Investing.com — The dollar hit a fresh three-week high against its developed-market peers in early trading in Europe Tuesday, after Federal Reserve Chairman indirectly argued against cutting interest rates in the near term due to the already-high level of corporate debt.

    “Business debt has clearly reached a level that should give businesses and investors reason to pause and reflect,” Powell said at a conference, noting that corporate borrowing at a record level of around 35% of corporate assets.

    Even so, he pushed back against suggestions that the corporate debt situation resembled the days before the financial crisis in 2007, saying the comparison was “not fully convincing”.

    At 03:00 AM ET (0700 GMT), the , which measures the greenback against a basket of six major currencies, was at 97.928, having hit 97.953 earlier, its highest level since April 26.

    In part, that reflected a sharp rise against the and after Reserve Bank of Australia Governor said the bank would examine the case for cutting its cash rate at its next policy meeting in June.

    Elsewhere, the remained broadly stable as the trade tension between the U.S. and China subsided marginally. The said it would offer U.S. companies a temporary exemption – in specific cases – from the ban on selling to telecoms giant Huawei that was at the heart of Monday’s volatility. Europe’s stock markets opened with a modest relief rally.

    That didn’t stop Huawei founder Ren Zhengfei from predicting further trouble ahead.

    “We have sacrificed ourselves and our families for our ideal, to stand on top of the world,” Ren told Chinese state TV. “To reach this ideal, sooner or later there will be conflict with the US.”

    In Europe, both the euro and the British pound remain under pressure from the revived threat of a ‘Hard Brexit’ and from the rhetoric around the European parliament elections that start on Thursday.

    The pair was down 0.2% at $ 1.1149 while was also down 0.2% at a four-month low of $ 1.2703, amid reports that the moderate wing of the Conservative Party aims to stop the next party leader (and Prime Minister) from taking the U.K. out of the EU without transitional arrangements. The news underlines how hard it will be to break the political deadlock around Brexit.

    Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

    Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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