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Trump again all over the headlines as US dollar correction stalls
During these summer weeks where the focus is off central banks and monetary policy, one man is doing a remarkable job of giving markets direction. Donald Trump is once more the driver this morning. In a campaign speech last night, he admitted that all EU cars would be subjected to a 25% tariff. There has previously been a consultancy on this issue, with nothing concrete, so does this once more refocus minds on the trade story. Furthermore, he noted that he did not expect much progress out of the talks with China on trade. The market turnaround against the dollar began last week on the news of renewed talks between ... (full story)
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