Asian shares weakened in early trade on Wednesday, rattled by fresh trade war co...
losing 0.26%, after Trump warned China against waiting out his current presidential term before finalizing a trade deal.
“Trump’s comments suggest that U.S.-China trade negotiations are not going well, which is a new negative factor for the markets,” said Osamu Takashima, head of G10 FX strategy at Citigroup Global Markets Japan in Tokyo. Fed funds rate futures are now fully pricing in a 25 basis point rate cut on Wednesday and another 25 basis point reduction by September.
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