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Greenback Outlook: More of the Same?
A week ago, fear of a currency and trade war were fanned by comments by US President Trump. Trump's comments about the EU and China manipulating their currencies were largely ignored except by short-term foreign exchange traders and the press. An escalation of trade tensions eased when Europe agreed to do what it was doing (buying US soy) and wanted to do (import more liquified natural gas) and the US agreed to put freeze the imposition of tariffs on Europe, like autos, that the US was threatening. The steel and aluminum tariffs remain in place, though free-trade negotiations, previously under the rubric of the ... (full story)