US House Speaker Johnson fails in an effort to block votes on measures to rescind Trump’s tariff policies, according to CNN's Manu Raju
The failed attempt by US House Speaker Johnson to block votes on rescinding Trump's tariff policies signals continued uncertainty in US trade policy.
[MARKET ANALYSIS] Asia-Pac stocks trade higher but with upside capped after weak handover from US and as NFP looms, while participants also digest earnings and mixed Chinese inflation in holiday-thinned conditions
[MARKET ANALYSIS] DXY softens amid gains in major counterparts as JPY continues to strengthen post-election and with AUD outperforming on hawkish RBA rhetoric
US House Speaker Johnson fails in an effort to block votes on measures to rescind Trump’s tariff policies, according to CNN's Manu Raju
[MARKET ANALYSIS] T-note futures take a breather after climbing on soft data, while upside is capped overnight amid the closure of cash treasuries trade and ahead of NFP
[MARKET UPDATE] AUD/USD (+0.5%) extends on gains after reclaiming the 0.71 handle for the first time in 3 years, while the tailwinds also follow comments from RBA's Hauser that inflation is too high, which they can't let persist and will do what is needed
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This could impact market sentiment, particularly in sectors sensitive to tariffs, such as commodities and equities, as traders assess potential shifts in trade dynamics. The implications for the USD and global markets, especially in relation to other currencies and commodities, are significant as this political landscape evolves.
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