Pre-Trump Trade Battles and Currency Fears
Thursday 18th July 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIt doesn’t 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’s Taylor Nugent says currencies, meanwhile, have reacted to comments from Donald Trump, who said he’s 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…
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