Australian FinMin Cormann tendered his resignation - Reuters

Reuters reported earlier today that amid PM Turnbull’s leadership challenge, the country’s Finance Minister Mathias Cormann tendered his resignation.

While addressing the local media, Cormann said that he advised PM Turnbull did not have party support, adding that some other cabinet colleagues have also resigned.

Moody’s: US-China trade tensions likely to deteriorate this year, could deter growth

The US-based ratings agency, Moody’s Investors Service, highlighted the following risks likely to emerge from the US-China trade war. Key Points: US
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NZD/USD Technical Analysis: Kiwi drops to key rising trendline support

Hourly chart Spot Rate: 0.6675 Daily High: 0.6701 Daily Low: 0.6672 Trend: bearish below 0.6672 Resistance R1: 0.6687 (50-hour moving average)
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