Fx These days: Trade tensions raise the yen, new tries to halt a challenging Brexit – FXStreet

Listed here is what you want to know for Monday, August twelfth:
– Trade: Stories recommend that talks involving the US and China may perhaps not resume. Goldman Sachs has reported that Chinese shares may perhaps be overvalued as outflows may perhaps harm it although the likelihood of a US economic downturn have risen.
– The Japanese yen has been resuming its rises with UDS/JPY obtaining comfortable in the 105 deal with. The transfer may perhaps be linked to trade tensions but other marketplaces are tranquil. Several Asian marketplaces are shut for a holiday getaway.
– United kingdom: The British media stories that MPs may perhaps try to block PM Boris Johnson from leaving the EU without a offer by forcing the govt to seek out an extension to Brexit. Johnson has canceled all holidays in preparations for exiting the EU and most likely for new elections. GBP/USD is near to one.2000. 
– Italy: Lega leader Matteo Salvini’s bid for new elections may perhaps operate into problems as his present-day coalition husband or wife and opposition functions may perhaps team up to protect against an early vote. EUR/USD may perhaps transfer on developments in the euro zone’s third-most significant overall economy. 
– Cryptocurrencies: Bitcoin has been secure although Altcoins have been relocating larger above the weekend.

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