In a market wrap, analysts at Westpac explained that US President Trump launched fresh salvos in the US-China trade war and again criticised the Fed, and the G20 summit highlighted trade tensions – noting that the US dollar fell and US bond yields rose. Key Quotes: “Trump’s comments that he was “ready to go to 500″ of tariffs in imports from China; that he was “not thrilled” about the prospects of Fed hikes and that “China, the European Union and others have been manipulating their currencies” saw a volatile close to the week.” “His comments on the Fed hikes and Trade concerns were the key issue into the weekend’s G-20 finance ministers’ summit. Merkel and EU officials joined China in stating that they would resist and retaliate against US tariffs.” People’s Bank of China released supplementary guideline changes with respect to wealth management products operated by banks in an effective loosening of current tight controls. Japanese media suggested that Bank of Japan will debate policy changes and may modify its yield curve targeting, whilst insisting that it would not be tightening but would be to mitigate market distortions. Bank of England MPC member Tenreyro’s interview in London’s Evening Standard indicated her shift towards voting for a hike, though not explicitly, in August. Canadian June CPI headlined at 2.5%y/y (exp 2.3%) and the average of core measures lifted to 2.0% (exp. 1.9%). Fed non-voter Bullard spoke with a dovish tone when he stated that US rates were high by global standards, that Fed forecasts indicate further gradual tightening but that curve inversion may be imminent and would be a bearish signal. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/JPY on hold just above 146.00 as Brexit negotiations hit a wall FX Street 5 years In a market wrap, analysts at Westpac explained that US President Trump launched fresh salvos in the US-China trade war and again criticised the Fed, and the G20 summit highlighted trade tensions - noting that the US dollar fell and US bond yields rose. Key Quotes: "Trump's comments that he was "ready to go to 500" of tariffs in imports from China; that he was "not thrilled" about the prospects of Fed hikes and that "China, the European Union and others have been manipulating their currencies" saw a volatile close to the week." "His comments on the Fed hikes and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.