Trade concerns are increasing as the threats for tit-for-tat tariffs by USA and China on each other’s products are growing.
Tag: Dollar
Trade uncertainty prevails in the markets. Trade disputes, highly affecting investors’ sentiment, have been their main concern since the beginning of 2018.
Although NAFTA talks resumed, and progress was made towards the modernization of the trilateral agreement, tariff fears still weigh.
Following last Friday’s deadlock NAFTA talks resume. Canada will not give up easily despite the US President’s threats to exclude Ottawa from the trade Agreement and proceed with Mexico.
The greenback increased on Tuesday amid concerns regarding a possible escalation in trade conflict between the United States and China. The dollar index, an index of the value of the US dollar relative to a basket of foreign currencies, rose by 0.5%.