In forex today, the big news of the Asian trading session was China's trade balance, which surged to a record high against the US and is sure to draw ire from policymakers in America, with US President Donald Trump pushing the two nations further into a trade war in an effort to decrease the China-US trade balance.
Chinese trade balance hits record amidst little fanfare
China's trade balance beat wasn't able to inspire the Aussie into any meaningful momentum, and the AUD/USD remains trapped at the week's highs near 0.7130, while the Greenback enjoyed a mild bounce against the Japanese Yen in early Friday action, lifting back above the 112.00 handle and trading into 112.40 ahead of the European market session.
The Euro cracked the 1.1600 level in Asian markets as the week's 'stock shock' begins to wear off, and the Euro's rise on the week could see challenges ahead as Italy remains a significant bearish headwind for the EUR.
UK investors are remaining confident that the current progress in Brexit talks could translate into hard action and agreements between the European Union and Britain, and the Sterling is enjoying a good rise against the US Dollar, poised for a challenge of the 200-day moving average.
Key notes from the Asia session
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