China could retaliate by threatening to back out from the US-China trade deal which is in its final stage. AUD/JPY could slide lower.
A meaningful recovery in euro dollar looks unlikely in the coming months after Friday’s PMIs. EUR/USD could head lower.
If Trump were to sign the Hong Kong Human Rights and Democracy Act, this could worsen the US-China trade talks. AUD/JPY could fall lower.
To understand negative interest rates, we need to understand the mechanics of why central banks cut or raise interest rates.
The People's Bank of China (PBOC) recently lowered the seven-day reverse repurchase rate from 2.55% to 2.5%.