Australian dollar, ASX jump as Trump says he’ll free Huawei

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The Aussie dollar is climbing through the morning:

As POTUST gives us all the big hint, at Bloomie:

President Donald Trump said he would intervene in the case of Huawei Technologies Co. Chief Financial Officer Meng Wanzhou if it would help win a trade deal with China.

“If I think it’s good for what will be certainly the largest trade deal ever made – which is a very important thing – what’s good for national security – I would certainly intervene if I thought it was necessary,” Trump said Tuesday in an Oval Office interview with Reuters.

Bonds are the short end are sold but bid long:

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The ASX is rising too with S&P futures:

Dalian has held its overnight gains:

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Big Iron up:

Big Gas up:

Big Gold down:

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Big Banks off the lows:

But Big Realty struggling:

Through the POTUST looking glass we go.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.