By Chris Becker
A lot of ructions overnight, first being Trump putting his foot in his mouth again over German sanctions, sending Euro lower, while increased tensions over trade with China saw confidence evaporate on Wall Street. The USD is firmer across the board despite a weaker than expected CPI print overnight, while oil prices slumped nearly 4% as bulls abandoned their contracts.
The economic calendar here in Asia today will focus squarely on the local unemployment print for May, as the RBA’s performance on arresting underemployment has been woeful.