- Anna K.
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18.06 - dollar still stands high, oil is very low
With dollar as strong as it only was a year ago, other assets are feeling very unstable.
With dollar as strong as it only was a year ago, other assets are feeling very unstable.
Donald Trump has certainly had a very intense week. Between travelling to Singapore, coming back and having his 72 birthday among the dollar having gone up and down and up again it would seem that he would have no time to undermine the economy of the world. But it appears that nothing gets in Trump’s way now. Final document on Chinese $50 billion worth of tariffs was signed by Trump yesterday and the tensions between the countries will most likely escalate very soon.
Historical event took place today. Is there anything left to say? Information on the markets’ reaction is inside.
G-7 is behind us, Trump-Un meeting is awaiting to begin. Oncoming week is going to be an interesting one.