Monday, September 10 – Asia Session Recap
During the Asia-Pacific session, USD remained overall well supported with DXY moving to fresh session highs. This follows from Friday’s positive US employment report and rising trade tensions after Trump’s recent comments.
On Friday, Trump stated that another $276bln worth of tariffs are ready to be added and the $200bln in tariffs could be announced soon. Furthermore, Trump stated that the US is starting trade negotiations with Japan.
Elsewhere, Japan’s Final GDP for Q2 was overall positive. As expected, GDP Q/Q was revised higher to 0.7% from 0.5% while GDP Q/Q annualised printed at 3.0% versus consensus of 2.6% and from 1.9%.
For additional research, we’ve posted news articles from around the web below.
- Donald Trump doubles down on trade threat to China
- China trade outlook darkens as Donald Trump threatens total tariffs
- Trump ups ante on China, threatens duties on nearly all its imports
- Japan’s April-June GDP upgraded to annualized 3.0% growth