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Investors are viewing higher interest rates in a favourable light.

"While financing costs are typically a negative for value markets, speculators are seeing Higher loan fees in a great light, intelligent of surging monetary development, not as a cushion against expansion," said Stephen Innes, head of Asia-Pacific Exchange at OANDA. 

The positive temperament (DAILY FOREX TIPS) comes as brokers anticipate this current end of the week's Group of Seven summit in Quebec, which comes after Donald Trump started rage by forcing steel and aluminum taxes on Canada, Mexico and the European Union. 

That was met with retaliatory measures from each of the three. 

Canadian Prime Minister Justin Trudeau and German Chancellor Angela Merkel have said they are supported for tense exchanges, while Japanese Finance Minister Taro Aso has alluded to the G7 as the "G6+1", featuring the developing divisions. 

"Reports are that not exclusively is... Trump (FOREX TIPS PROVIDER SINGAPORE) going to keep on pursueing his hard line on exchange yet additionally that... Trudeau has gotten under the skin of the White House with his reaction to US taxes and more are en route," said Greg McKenna, boss market strategist at AxiTrader. 

"In the event that Trudeau (FOREX SIGNALS) is set up to battle at that point I'd expect others will as well. So abnormally, while the Chinese are doing their best to de-raise what the Americans are doing the shot of a fire with US partners develops." 

- Key figures around 0810 GMT - 

Tokyo - Nikkei 225: UP 0.9 percent at 22,823.26 (close) 
Hong Kong - Hang Seng: UP 0.8 percent at 31,512.63 (close) 
Shanghai - Composite: DOWN 0.2 percent at 3,109.50 (close) 
Euro/dollar: UP at $1.1812 from $1.1774 at 2100 GMT 
Pound/dollar: UP at $1.3442 from $1.3413 
Dollar/yen: DOWN at 110.10 yen from 110.19 yen 
Oil - West Texas Intermediate: UP 29 pennies at $65.02 per barrel 
Oil - Brent Crude: UP 50 pennies at $75.86 per barrel 
New York - Dow Jones: UP 1.4 percent at 25,146.39 (close) 
London - FTSE 100: UP 0.3 percent at 7,712.37 (close)

FOREX TRADING TIPS AND STRATEGIES


This post first appeared on KLSE Trading Signals | Forex Trading Tips, please read the originial post: here

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Investors are viewing higher interest rates in a favourable light.

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