Short the $US, says Barclays
![Barclays' currency trade of the week calls for investors to short the US dollar against a basket of the Japanese yen, ...](/content/dam/images/g/h/a/h/2/9/image.related.afrIndexLead.320x210.gtojqz.png/1483994838620.jpg)
For currency traders, it's a fine time to do something different.
For currency traders, it's a fine time to do something different.
Sterling slid after Prime Minister Theresa May said she is seeking a completely new trade relationship with the EU.
China's policy of opening its markets to foreigners is expected to continue, but there are questions about how meaningful the change will be.
China's yuan traded flat against the dollar on Monday, after the central bank set a weaker mid-point.
Australia's close trade links to China means the Australian dollar could get hurt if Donald Trump takes to social media to start a trade war.
China's foreign exchange reserves fell for a sixth straight month in December but by less than expected to the lowest since February 2011.
Mohamed El-Erian said investors should be worrying about how fast and how much the US dollar is strengthening.
Memories of an epic squeeze on China's currency last January are rushing back to bearish traders.
The Aussie has received another lift from an unexpected swoon in the US dollar, amid a rethink on the outlook for US rates.
A dramatic rally in digital currency bitcoin came to a spectacular end overnight with a plunge of up to 20 per cent.
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