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Things have not taken the turn expected by investors. The rise of US trade duties on Chinese products pushed Chinese authorities to take a similar step and impose additional tariffs ranging from 5% to 25% on a total of $60 billion-worth US products such as natural gas, vegetables or cosmetics. Consequently, risk aversion rises, thus increasing demand for safe-haven currencies (CHF, JPY) at the expense of AUD, NZD, SEK, NOK or EM currencies such as the Turkish lira. Yet risks of an open trade war between both nations remains very unlikely, as the long-awaited Trump-Xi meeting is supposed to take place during the 28-29 June 2019 G20 meeting in Osaka. There is therefore more to be expected from both sides in the coming weeks when it comes to negotiations.

from MQL5: Traders' Blogs http://bit.ly/2YqL7t8