Shares in WeChat parent company Tencent are down 10% after the Trump EO

7 Aug 2020
This from earlier: 
Trump signs executive order to address threat of WeChat
To ban doing business with the firm.
Shares in parent company TenCent have been pounded, down 10% as I post.
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Westpac's fair value for AUD/USD is around 0.77

7 Aug 2020
Westpac's chief economist Evans with commentary on the Reserve Bank of Australia's AUD forecasts.
The background to this is the RBA moved its assumed AUD level in today's latest Statement on Monetary Policy from 0.64 in May to 0.72 
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China July trade data, exports +7.2% y/y in USD terms

7 Aug 2020
USD-denominated terms, following up from the 'yuan terms' data posted a few minutes ago
Big, big beat for exports.
Data from China is sometimes thought to be a little suspect in terms of veracity. 
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China July trade data, exports +10.4% y/y in yuan terms

7 Aug 2020
China's CCTV reporting the figure so far. 
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ForexLive Asia FX news wrap: Trump targeting WeChat, TikTok

7 Aug 2020

Forex news for Asia trading
Friday 7
August 2020

Trump signed executive orders
to cut US business ties with both WeChat and TikTok (effective in 45 days
time). While the TokTok move was not a big surprise
the move against WeChat is arguably more significant - the tool is
widely used for cross border (notably
North America & China) communication
by business and consumers.
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Japan fin min Asao says government finances facing a difficult situation

7 Aug 2020
Finance Minister Aso says must secure financial sustainability.
Not considering cutting the sales tax.
With huge fiscal support payouts in Japan and indeed right around the globe, Aso is not alone in pondering the financial challenges governments face. With rates at super low levels thought that's that's a bit of a help. 
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More from RBA's Ellis - job support packages will make recovery a little stronger

7 Aug 2020
Reserve Bank of Australia Assistant Governor Ellis QnA
Earlier:
More:
- employment will now not decline as much as forecast
- still a pretty weak outlook given the lock restrictions in state of Victoria
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ICYMI - Russia and China are partnering to reduce their dependence on the US dollar

7 Aug 2020
During Q1 2020 the dollar's share of trade between Russia and China fell below 50% for the first time ever
Data via from Russia's Central Bank and Federal Customs Service, reported in the Nikkei overnight.
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RBA's Ellis says will maintain loose policy for as long as required

7 Aug 2020
RBA Ellis, Assistant Gov
Headlines via
Reuters, bolding mine.
Full text:
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RBA statement says sees pace of recovery slower than previously forecast

7 Aug 2020
Reserve Bank of Australia Statement on Monetary Policy  (SoMP) August 2020
 
more to come  
Full text:
RBA Governor Lowe:
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