What you need to know on Friday, August 30:
We are seeing a calm market and by finding resolution on trade talks after China pointed out that it may didn’t do anything in response to the upcoming US tariffs on September 1st, the optimism increased.
UK PM Boris Johnson has requested the EU to do something for talks, expressing optimism. Denmark calls on the EU to show flexibility if the UK delivers new proposals.
The dollar has remained stable in Asia.
GBP/USD remains on the back foot.
EUR/USD is getting closer to the 2019 low. A member of the European Central Bank, pushed back against resuming the bond-buying scheme and pointed out that markets are expecting too much from the September meeting.
AUD/USD is trading close to 0.67 after Australian Building Approvals fell by 9.7% in June.
Tokyo inflation for August comes out below 1%, far from the Bank of Japan's 2% target.
Gold, oil, and cryptocurrencies have stabilized.