Analysts at Westpac explained that there are suggestions that China might be more willing to allow yuan depreciation as one trade weapon against the US. Key Quotes: “The US dollar rose against a wide range of currencies, with weakness in the Chinese yuan notable given US-China trade tensions.” “The greenback gained against all G10 currencies, starting in late Sydney/early London trade, without an obvious catalyst.” “EUR fell from 1.1720 to 1.1635. German chancellor Merkel downplayed hopes for a deal on immigration at this week’s EU leaders summit. USD/JPY rose from 109.40 to 110.22. AUD fell from 0.7420 to 0.7380/90. NZD fell from 0.6900 to 0.6847, the kiwi weakest in the G10 on the day ahead of the RBNZ decision Thursday. AUD/NZD rose from 1.0750 to 1.0795.” “AUD held up better than most in the G10, only a touch softer at 0.7390. Data and headlines had little apparent effect, while US yields and equities saw limited change. The regional calendar is low key, ahead of US May durable goods orders and inventories data. Fed officials are due to speak again .””US consumer confidence eased in June, the Conference Board’s index falling to 126.4 from an upwardly revised 128.8 in May, just a shade below February’s seventeen-year highs. The components reveal households remain very upbeat about current conditions while the expectations sub-index for the future reveals a touch of caution, falling to their lowest levels since December 2017.” “The June Richmond Fed manufacturing index rose to a four-month highs of 20 from 16, ahead of expectations, with prices and employment plans firming. The 20-city index of US house prices from S&P and CoreLogic rose 6.6%yr, a little less than expected.” “The US 10yr treasury yield ranged sideways between 2.86% and 2.90%, while 2yr yields ranged between 2.52% and 2.55%. Fed fund futures yields continued to price 1 ½ more hikes in 2018.” 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 NZD/USD: traders position ahead of tomorrow’s RBNZ FX Street 5 years Analysts at Westpac explained that there are suggestions that China might be more willing to allow yuan depreciation as one trade weapon against the US. Key Quotes: "The US dollar rose against a wide range of currencies, with weakness in the Chinese yuan notable given US-China trade tensions." "The greenback gained against all G10 currencies, starting in late Sydney/early London trade, without an obvious catalyst." "EUR fell from 1.1720 to 1.1635. German chancellor Merkel downplayed hopes for a deal on immigration at this week's EU leaders summit. USD/JPY rose from 109.40 to 110.22. AUD fell from 0.7420 to 0.7380/90.… 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.