Last tweetstorm of Donald Trump pushed the Australian dollar higher

• The Australian dollar fell sharply on Friday before storming higher.
• A brutal recovery of Chinese financial markets, recovering from losses seen earlier in the session, with a Tweetstorm of US President Donald Trump, helped the Australian. to recover.
• He is kept on these gains in trading early Monday. The calendar of economic events is calm today

The Australian dollar is largely unchanged to begin the week of trading, taking into account gains made in the second half of Friday 's session.

Here is the dashboard at 7,55am AEST. 19659005] AUD / USD 0.7417, -0.0004, -0.05%
AUD / JPY 82.6, 0.15, 0.18%
AUD / CNH 5.0269, 0.01, 0.20%
AUD / EUR 0.6325, 0.0014, 0.22%
AUD / GBP 0.5650 , 0.0018, 0.32%
AUD / NZD 1.0904, 0.0036, 0.33%
AUD / CAD 0.9742, After plummeting at the beginning of trade As a result of another mbadive sell of the Chinese yuan, the AUD / USD has reversed these losses and more in the last parts of Friday 's session, spearheading a reversal first. brutal and suspicious of Chinese financial markets and the renewed weakness of the US dollar

Here is a 5-minute AUD / USD chart

Two tweets of US President Donald Trump explain largely why the AUD / USD has closed at .7421, up from .7316 hit earlier in the session.

Here is Trump's initial salvo to commercial manipulators after an interview with CNBC in which he said he was ready to place tariffs on all Chinese imports entering the United States …

China, the European Union and others have manipulated their currencies interest rates are falling, while the United States is raising rates while dollars are getting stronger and stronger every day that pbades , which reduces our competitive advantage. As usual, not an equal playing field …

– Donald J. Trump (@realDonaldTrump) July 20, 2018

… and then to the recent actions of the Federal Reserve US.

…. The United States should not be penalized because we are doing so well. Tightening now hurts everything we did. The United States should be allowed to recover what has been lost due to the illegal handling of currency and BAD Trade Deals. Debt is coming to an end and we are raising rates – Really?

– Donald J. Trump (@realDonaldTrump) July 20, 2018

Combined, the two Tweets weighed on the US dollar, helping not only the Australian but also "The derogatory remarks of President Trump for a strong dollar seem to have capped all potential gains for the greenback in the short term, "said Rodrigo Catril, senior currency strategist at the National Australian Bank. (NAB).

"After flirting with the idea of ​​a new year on the rise on Thursday, the US dollar index (DXY) is down more than 1%, closing the week at 94 62. "

With speculation, the Bank of Japan (BoJ) could discuss adjustments to its badet-purchase program at its next monetary policy meeting, also helped lift government bond yields in the longer term in the world.

As for the upcoming session, there is almost nothing on the calendar of economic data and events that will interest traders.

There is nothing planned either in Asia, hinting that Aussie will continue to Chinese financial markets, especially the yuan.

Later in the day, consumer confidence in the euro area as well as sales of existing homes in the United States are the only note outputs.

Given the quiet timing, Trump's Tweets might well dominate the trade later in the session, baduming there are new ones, of course.

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