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This week could matter, but then again...
First Trade If you accept the basic proposition that being hostile on trade and imposing tariffs on other countries will tend to lead to an offsetting market balancing act and a stronger currency, then there is some latent strength in the USD right now that could dissipate rapidly if the trade background were to improve. So with key Chinese trade negotiators en-route to Washington this week to try to thrash out a deal before the March 1 deadline, some USD weakness might hint at optimism for such talks. The end of last week did see EURUSD surge from 1.13 to more than 1.14. This comes against a backdrop for this ... (full story)