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Trump threatened to withdraw the US from the World Trade Organization and rejected the EU's offer to scrap car tariffs. He also said the US would outlast China in the trade dispute, hinting at a further $200 billion in tariffs.
The Australian dollar fell through 72 US cents in a broad risk-off move.
Escalating tariff threats raise the risk of further disruption to US export flows and reduce demand for grains, oilseeds and meat. Risk-off sentiment also weakens commodity-linked currencies.
yieldreport.com.auAug 31, 2018Not enough comparable past events yet for a historical read.
After 45 past bullish trade events, US Dollar (Broad) moved a median -0.0% over 5 sessions (42% higher; middle half -0.3% to +0.4%), and -0.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
