APAC Traders Leery

Investors are waiting for Mr Trump’s post-inauguration speech hoping he will provide some colour to his campaign promises although there are concerns among many Asian markets about his protectionist rhetoric.

“While the inauguration is dominating headlines, simmering on the back burner is the overriding theme of US protectionism, expressly directed at China,” Stephen Innes, senior trader at Oanda, said in a note.

“With so many prominent trade hawks joining the Trump administration, it all points to a massive shift in US trade policy. That does not paint a rosy picture for regional … exporters, nor countries like Australia, which play such a vital role in the global supply chain.”

The Business Times

 

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Stephen Innes

Stephen Innes

Senior Currency Trader and Analyst at OANDA
Stephen has over 25 years of experience in the financial markets and specializes in Asian currencies at OANDA. After having started his trading career with NatWest Bank, he is currently based in Singapore as a Senior Currency Trader and Analyst with OANDA, focusing on the movement of the Aussie Dollar and ASEAN Currencies. Stephen has an extensive trading experience in Interest Rate Futures, Money Markets and Precious Metals. Prior to joining OANDA, he worked with organizations like Cambridge Mercantile, Nat West, Garvin Guy Butler, Sumitomo Mitsui Banking Corporation. Stephen was born in Glasgow, Scotland, and holds a Degree in Economics from the University of Western Ontario.
Stephen Innes
Stephen Innes

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