Markets take tariffs in their stride -AUD.....>

FOREX: Markets take tariffs in their stride

-AUD and NZD sit at the top of the pile Friday as trade tariffs between the US

and China were officially installed with little market fallout. NZD/USD now sits

at the best levels in 8 sessions, having risen close to 2% from the week's lows.

Sentiment continues to feed through to AUD, which sits close to the week's

highs.

-SEK is the poorest in G10 today after a particularly strong week and remains

higher by 2% against the EUR since Monday. Nonetheless, the cross is looking to

make a test on the 50-dma at Sek10.3209.

-Elsewhere, sentiment is mixed with most major pairs consolidating the week's

moves ahead of today's nonfarm payrolls. The whisper number for NFP runs 10k shy

of the median estimate of 195k (similar to ADP yesterday). Inevitably the market

will also be eyeing the President's Twitter account after his "Looking forward

to the jobs number!" tweet last month. Markets won't only be watching for a

tweet from Trump, but a lack thereof could also provide direction.