Australian and New Zealand dollars

The Australian and New Zealand dollars have started the week lower amid renewed US-China trade tensions, after President Trump said the current 10% tariff imposed on $200 billion of Chinese imports will lift to 25% on Friday. The yen has lifted in response. In July 2018, the US imposed a 25% tariff on $50 billion of imports from China. In September, the U.S. imposed an additional tariff of 10% on a further $200 billion of Chinese imports. The tariff on the latter $200 billion was set to lift to 25% on Jan. 1, but the increase was delayed until March 1 and then delayed again because talks were progressing. The threatened increase from this week poses a fresh threat to global growth and hopes of a rebound in the second half of 2019. Professional Techniques For Short-Term Currency Trading