Amid the uncertainty concerning the US-China business ties, a trade-negative action was recently taken by the US Commerce Depart. Reuters came out with the news during the early Wednesday morning suggesting hardships for tire manufacturers of the key Asian economies. Key quotes The US Commerce Department said on Tuesday it had opened investigations of imports of vehicle tires from South Korea, Taiwan, Thailand and Vietnam to determine whether they are being sold at less than fair value. The department said it was also investigating whether tire producers in Vietnam are receiving unfair subsidies. FX implications Given the recent surge in anti-trade news, be it concerning Sino-American trade deal or the UK-Japan talks, not to forget Brexit, update like this weigh on the market’s risk-tone sentiment. As a result, AUD/USD retraces the previous day’s gains near 0.6930. However, the early hours of Wednesday’s Asian session restrict traders’ reaction to the news. 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 Gold Price Analysis: XAU/USD bulls catch a breather around $1,770 FX Street 2 years Amid the uncertainty concerning the US-China business ties, a trade-negative action was recently taken by the US Commerce Depart. Reuters came out with the news during the early Wednesday morning suggesting hardships for tire manufacturers of the key Asian economies. Key quotes The US Commerce Department said on Tuesday it had opened investigations of imports of vehicle tires from South Korea, Taiwan, Thailand and Vietnam to determine whether they are being sold at less than fair value. The department said it was also investigating whether tire producers in Vietnam are receiving unfair subsidies. FX implications Given the recent surge in… 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.
