18.06 - dollar still stands high, oil is very low
- Anna K.
- English
- MARKETS NEWS
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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.
For the second time this year US Federal Reserve has increased national rate by 25 basis points. It was also stated that rates will probably go up two more timed by the end of the year. And, as always markets didn’t wait for the response to such news. Problems started in Chinese segment of the market and right ow all of the major points are in the red zone. Officials say that the decision to up the rates comes from the joblessness and inflation rates that do up much higher that was previously expected.
Dollar has risen to 7-months high which is exactly what we were expecting of it. and feels good.