US-China Spat Stays in Spotlight, AUD Traders Increase June-Cut Bets

EU and US indices closed negative yesterday, with the driver being once again concerns that the US-China trade spat may escalate further. That said, sentiment improved somewhat during the Asian trading today, perhaps as the US eased temporarily the restrictions imposed on Huawei. With regards to the currencies, the Aussie was the main loser, tumbling after the minutes of the latest RBA meeting, as well as RBA Governor Philip Lowe, prompted market participants to increase bets with regards to a June rate cut.