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Currency Market Analysis

Global Themes

New tariffsThe USD jumped this morning after the US President Donald Trump announced a new series of tariffs on Chinese imports into the US.The US administration said it would introduce a new 10% tariff on USD200bln worth of Chinese imports from 24 September. The tariff will rise to 25% from 2019.Trade hitThe USDCNH was up 0.2% after the US announcement as it climbed to one-month highs.The safe haves did best with the Japanese yen and Swiss franc both higher. The JPYSGD climbed from three-week lows.The euro was higher after last night’s inflation numbers boosted the EUR.RBA, ECBToday, the Rese

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