Getting along with China
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Getting along with China
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Monday 20th October 2025
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Donald Trump said he was getting along with China, and he acknowledged his 100% tariff would not be sustainable. That suggests that a deal would be done at APEC, if not before. NAB’s Taylor Nugent says that provided some positive sentiment at the end of last week. Worries over regional US banks also eased on Friday.
The likelihood that the US dollar will not fall quite as far as initially expected has caused the NAB FX team to revise their forecasts. Taylor talks Phil through the changes, which will see the Aussie dollar climb mores slowly, and not as far into the seventies (in US cents).
Today Japan might finally vote in their Prime Minister and China starts their Fourth Plenum, working on the economic policy for the next five-year plan.
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