Rupiah suffers from conflicted trade signals; GDP out-performs

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What a difference two days in the financial markets can make. We have noticed another shift towards “risk off” from global investors after White House Economic Advisor Larry Kudlow conflicted previous reports that President Trump had asked his cabinet to draw up a trade agreement with China, which has removed the air of positivity and financial market rally that transpired following the unexpected news.

The early trading hours for the week have already showed how sensitive emerging market currencies can be to such newsflow, with the Indonesian Rupiah one of the many emerging market assets… Read More

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