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Tariffs

trade conflict, u.k. economy

U.K. Wants to Solve an International Trade Conflict

The trade war between the U.S. and China is one of the most famous trade conflicts in the modern world. However, there are other important conflicts well. For example, the trade conflict between the U.S. and the European Union (EU). However, the U.K. wants to de-escalate a damaging international trade conflict. It is worth mentioning …

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Wibest – Oil and petroleum: A concept art of the US-China trade war, with the American and Chinese flag painted on export crates.

China’s Exports Rose at the Fastest Pace in Almost 3 Years

Countries around the world are trying to minimize the damage caused by the pandemic, and it is not an easy task. However, the world’s second-largest economy continues to gain strength, as can be seen from the data. It is worth noting that China’s exports rose at the fastest pace in almost three years in November. …

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Australia and its economy

Australia’s Economy Grew by 3.3% in the Third Quarter

Australia’s economy was growing for decades, but the coronavirus pandemic changed the situation. Fortunately, the country’s economy grew by 3.3% in the third quarter, rebounding from its first recession in nearly three decades. The local economy recovered from pandemic-related shocks. According to Treasurer Josh Frydenberg, it would take a lot to get the economy back …

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Australian winemakers

How Tensions between China-Australia Affected Winemakers

Australian companies are trying to adapt to the new reality, but the coronavirus is not the only problem. Another serious issue also affected their plans. Importantly, Australian winemakers have received another blow from China as tensions continue to rise between the countries. On Friday, Chinese regulators made an important announcement. According to this announcement, they …

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China Less Inclined To Support The US in Ukraine War

Importance of the World’s Largest Trade Agreement

There is no lack of trade agreements in the world. Last week more precisely, on Sunday, China and 14 other countries signed the world’s largest trade agreement. This deal will further strengthen China’s political and economic influence in the region. The signing cemented the Regional Comprehensive Economic Partnership (RCEP) as the world’s largest trading block. …

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Charts

Daily Market Charts and Analysis November 06, 2020

Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURAUD Heightening trade risks between Australia and China have been leading uncertainty for the Aussie dollar, now that Australia’s economy is on track to struggle even through the next year. Trade Minister Simon Birmingham …

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US dollars roll close up photo

Dollar Slips as Biden Inches Closer to White House

The dollar slid to its weakest level in more than two years against the yuan. It slipped a ground lower against other Asian currencies as Democrat candidate Joe Biden edges closer to the White House.  Financial markets are braced for days or even weeks of uncertainty over the U.S. election results.  Republican candidate Donald Trump …

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Roll of US dollar

Dollar Claws Back Losses as Trump Slightly Edges over Biden

The U.S. dollar clawed back early losses against risk-sensitive currencies in forex exchange on Wednesday. Initial results hinted President Donald Trump was slight edging over Democratic challenger Joe Biden in Florida, a key battleground state. That weakened this week’s rising expectations in markets that Biden will likely win the presidency. If Biden wins, he will …

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