USD/JPY is now down 0.7% on the day to 143.95 while EUR/USD is up 0.3% to 1.1336 on the day. USD/CHF is also down 0.3% to 0.8243 after a brief jump earlier to 0.8270 following the Swiss inflation data. Meanwhile, AUD/USD is up 0.6% to 0.6483 and threatening a technical break to the upside above its 200-day moving average:
It's early in the week but trade headlines will continue to dominate proceedings and drive further changes in the dollar through the week. The latest situation involving Taiwan is certainly keeping things interesting.
If we are to start crossing the boundaries of revaluation in currencies with regards to trade talks, it will have a lot of spillover effects. That especially when it comes to broader sentiment involving the dollar and emerging markets in Asia as well. That's something to be mindful of in the days ahead.
This article was written by Justin Low at www.forexlive.com. Read More Details
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