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US stocks set to get battered again as abandoned Trump-Xi meeting reignites trade-war uncertainty

President Donald Trump Associated Press US futures are taking a hit after trade war uncertainty sends markets lower.President Trump ruled out a meeting with his counterpart Xi Jinping before a crucial March trade-war deadline.Asian markets also closed lower while Europe is mixed. President Trump’s suggestion that he won’t meet Chinese Premier Xi Jinping before a…

Federal Reserve’s backtracking lifts Australian dollar

Federal Reserve’s backtracking lifts Australian dollar

US curve adds interest”The [US] dollar’s weaker and commodity prices are higher, and high-beta currencies like Aussie have done very well post the Fed. The other interesting mover has just been the curve shape in the US,” Ms Auld said, referring to the steepening curve in response to a view that the Fed has become…