2045 GMT - U.S. and EU equity futures are likely among the first to come under selling pressure in Asia, as markets stand back to watch a widening trade war sparked by the Trump White House, says Chris Weston, head of research at Pepperstone. In FX, USD/CAD, CAD/JPY, USD/MXN and USD/CNH are all set to get a working over by traders, he adds. AUD, NZD and ZAR are also likely to trade weaker in sympathy, Weston says. How the PBOC manages the daily CNY fixing rate could determine the extent of FX volatility among the G10 currencies, he adds. (james.glynn@wsj.com; @JamesGlynnWSJ)
(END) Dow Jones Newswires
February 02, 2025 15:45 ET (20:45 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Comments