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Fed's Bostic: proposed trade tariffs would be broadly unhelpful

Atlanta Fed President Raphael Bostic was out with his own comments on the latest US President Donald Trump's proposal to impose tariffs on imported steel and aluminium. 

   •  Proposed trade tariffs would be broadly unhelpful
   •  Might help a couple of groups
   •  Fed needs to take a wait and see approach on tariffs
   •  Cryptocurrencies are a speculative asset not currencies
   •  In the past year, stock market gone through the roof

US Treasury Mnuchin: we will definitely have steel, aluminium tariffs

The US Treasury Secretary Steven Mnuchin was out on the wires in the last hour, saying that tariff plans very focused on job impact and we will consid
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AUD/USD stuck in a range above 0.78 handle

   •  Dismal US trade data offsets upbeat ADP report.     •  Bearish commodities now seemed to cap gains. The AUD/USD pair quickly reversed ADP repo
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