Yen Surges As US China Trade War Spooks The Market
Publish Date : 2019/08/26 - 06:35

Yen Surges As US-China Trade War Spooks The Market


Japanese yen prices are significantly higher than its counterparts due to US-China trade war escalations.

Cycle-sensitive and vulnerable currencies such as Australian and Newzland dollar and Swedish krona and Norwegian krone are effected by these tensions.

President trump said on Friday that He will increase the imposed tariffs on China.first He will impose 250 billion dollar taxes on 1st October and then increase the 10% tariffs imposed on the remaining 300 billion dollar goods coming from China to 15%.

The Trade war effects have ruined the market confidence.

Now market participants are watching closely how China is going to retaliate.

Source:Dailyfx



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