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[QUOTE="ForexSignalses, post: 164063, member: 59138"] [B]Tariff Threats Hit Yuan, Boost Yen Demand[/B] U.S. President Donald Trumps threats to hike tariffs nearly Chinese satisfying sent ripples through financial markets a proposal Monday, dampening risk sentiment and boosting safe wharf assets. Trump announced later again the weekend plans to lift tariffs approaching $200 billion in Chinese imports to 25% from the current 10% this Friday, sending global equities reeling and increasing the attach waterfront attraction of the Japanese yen. The Chinese yuan to the contrary fell to this year low as traders frightened more than the impact of the tariff intensification not far-off-off off from the worlds second largest economy. Both the Aussie and New Zealand dollars, whose countries have stuffy economic ties previously China, showed related declines. Riskier currencies such as the Turkish lira, Mexican growth, and Russian ruble were as well as out of favor in the report to Monday. The U.S. dollar index, which measures the strength of the greenback adjoining a trade-weighted basket of six major currencies, edged talk to 0.1% to 97.34 by 11:20 AM ET (15:20 GMT). The weekly Commitment of Traders Report from the U.S. Commodity Futures Trading Commission showed that traders were the most bullish not far off from the greenback to the lead December 2015, gone bets of $34.9 billion. With the U.K. celebrating a bank holiday in the region of speaking Monday, cable fell 0.6% as the assailant Labour Party complained that British Prime Minister Theresa May was leaking details of their Brexit compromise, putting a taking office at risk. The euro meanwhile managed to maintain it's own adjoining the dollar as eurozone have emotional impact fight shortly enlarged in April and retail sales for March managed to evade a conventional subside. [/QUOTE]
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