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US dollar inflection point after US/EU agreement ahead of ECB
Markets are cheering the agreement that was seemingly struck between the US and the EU over trade yesterday. Donald Trump and Jean Claude Junker have agreed to aim for zero tariffs on a range of goods and is seen as a rare piece of good news that means that there will be no new tariffs whilst negotiations are ongoing, preventing the implementation of autos tariffs (at least for now) and averts a trade war. Amongst the good news there is always a caveat with Trump though, as it does rather worryingly vindicate his rather aggressive stance that he is taking on trade disputes across the world. However, it means that ... (full story)
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