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Risk undercut by Trump delisting threat.......>

FOREX
FOREX: Risk undercut by Trump delisting threat report
-Markets were treading water headed into the Friday close before a Bloomberg
report crossed stating that the White House are weighing restrictions on US
funds being able to invest in Chinese companies, including measures that would
delist Chinese firms from US exchanges. The report saw equities slide alongside
high beta currencies and, in particular, the CNH.
-USD/CNH rallied sharply to break above 7.15 in response, the highest level
since early September in the latest sign that US-China relations are far from
improving. Equities did stage a modest bounce ahead of the close, with markets
noting that the details and machinations of such a plan have "not yet been
worked out".
-GBP continues to underperform, with focus turning to firmer Brexit proposals
expected out of the Conservative Party conference beginning Sunday.
-China's September PMI data, regional German CPIs, MNI Chicago PMI, the RBA rate
decision, Japan's Tankan survey and US nonfarm payrolls should keep markets busy
headed next week.
Energy BulletsCommodities
Energy BulletsCommodities

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