The AUD/USD pair closed the week with modest losses at 0.7150, retreating from a fresh one-month high of 0.7250 on Thursday on the back of broad dollar's strength.
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The USD/JPY pair closed this last week as it started, flat at 111.90 having spent these last days confined to a measly 50 pips' range. Quiet start to the week with only Japan's markets opened in Asia.
Successful trade talks could rescue a lot and give the positive cycle another year or two. A Brexit deal would add to the momentum. Failure of trade talks will I think precipitate a recession. A no deal Brexit would probably push the EU and UK into recession but not the rest of the world, if the trade talks are solved. If we get a no-deal Brexit and failed trade....it will be, as the Chinese supposedly said but never did... May you live in interesting times.
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