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May 13 - 09:48 AM
G10: Difficult To Keep Market Calm At This Juncture - MUFG
First appeared on eFXplus on May 13 - 08:30 AM

MUFG Research discusses the latest market conditions amid the recent heightened US-China trade tensions.

"It will be difficult to keep markets calm without further progress in trade talks in the coming months especially with President Trump threatening to impose a 25% tariff on a further USD325 billion of imports from China. Recent negative developments have clearly increased downside risks to our outlook for Asian, emerging market and commodity-related currencies," MUFG notes. 

"Market participants will now be watching closely to see if President Trump decides to escalate trade tensions further by increasing tariffs on imports of autos in the week ahead," MUFG adds. 

Source:
BTMU Research/Market Commentary

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