MARKET UPDATE 09-Jan-19

Asian shares were up today. This was of the back of hopes that the US and China can strike a trade deal to avoid further disputes, that could badly affect the global economy. The two countries will continue their trade talks in Beijing today.

Meanwhile, parts of the American government are shut down with lawmakers unable to agree on a budget proposal that President Trump will sign. His demand for a wall along the Mexican border remains the heart of the dispute.

In other news, the Aussie and Kiwi had a sigh of relief given the expectations that policymakers around the world may take measures to support slowing economic growth. The futures markets are pricing in a rate cut as soon as 2020.

FX Rates – 09.01.19

 

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