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Breaking: Chinese Vice Premier Liu He has cancelled trip to Washington; Yen rallies to highest levels since...

  • Chinese Vice Premier Liu He Has Cancelled His Trip To Washington - US Journalist Edward Lawrence Via Twitter

Chinese Vice Premier Liu He has cancelled his trip to Washington this week for trade talks following a tweet by President Donald Trump threatening more tariffs while talks are moving too slowly. 

This has sent the yen to the highest levels since 28th March and up to test a key support level vs the greenback:

 

USD/CNH hits highest since Jan. 23 on Trump's tariff threat

USD/CNH gapped has gapped higher in Asia to print the highest level since Jan. 23 on Trump's renewed China trade threat. The currency pair hit a high
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AUD/USD technical analysis: Bears target 0.6920, 0.6870 on the break of 0.6980

The dimmed prospects of the US-China trade deal drags the AUD/USD pair to the intra-day low of 0.6965 during the early Asian session on Monday.
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