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Trump: would be foolish for Fed to raise rates next week

The US President Donald Trump is out on the wires stating that it would be foolish for the Fed to hike interest rates next week.

Trump added that he is "fighting some trade battles" and needs the central bank to stay accommodative.

The US central bank is widely expected to raise rates by 25 basis points next week and adopt a wait-and-see approach in 2019.

USD/JPY: consolidates at recent highs, dollar firmly bid

The pair has climbed in recent session from the 112.30s to 113.47 the high while US yields swing around depending on risk sentiment. Overnight, the 10
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NAB drops RBA 2019 rate hike forecast

As Australian economic data continues to slip further into contraction, and the forever-ongoing US-China tradewar threatening to further impact Austra
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