Although the talks are still there it seems like the world is getting really tired of talking about the trade tensions and is looking for the special place to avert their eyes.
Dollar might takes hits from two direction.
Have you seen the way Trump simply blew up the economy of the world today?
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.
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