The dollar recovers on Friday against its major traded rivals despite Trump’s comments on Fed, which is not unusual anymore, and an equities sell-off.
Tag: Yen
USMCA is the new trade deal reached by the USA and Canada, replacing the outdated NAFTA. USMCA will constitute a single agreement with the bilateral agreement between Mexico and the USA held in August.
China is striking back to Trump’s fresh tariffs. The US administration imposed new tariffs just few days after USA’s invitation to China for another round of trade talks.
China takes further step on the trade spat as it requests WTO for authorisation to impose sanctions on the United States.
This week’s trade agenda is hot: Trump’s threats to exit WTO (World Trade Organization) and preparations to step up the trade war with China; NAFTA negotiations between Canada and the USA at the final stage; Juncker’s statements about tit-for-tat car tariffs if USA makes the first step.