EncoreFX’s daily market updates are written by our experienced and professional dealing team.
Author: Dennis Li
Data released last Friday showed China’s exports appeared to be a rush to beat the tariffs, jumping 14.5% in September making a record trade surplus with the US amid the escalating trade war between the world’s two biggest economies. Over the weekend we saw the AUD hover near its weekly high above 0.7100 against the USD and edged higher against both euro and sterling before the EU summit this week where a Brexit deal could be reached and Italy’s budget will be discussed.
Besides the EU summit and Brexit, we also see local meeting minutes from the RBA tomorrow, employment data on Thursday while externally we have US retail sales data released tonight, Japanese Trade Balance on Thursday, Chinese inflation data (on Tuesday), GDP and retail sales (on Friday).
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