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  • Trump 'not interested' in reopening U.S.-China trade deal after report of Beijing discontent

    From reuters.com

    U.S. President Donald Trump said on Monday he opposed renegotiating the U.S.-China “Phase 1” trade deal after a Chinese state-run newspaper reported some government advisers in Beijing were urging fresh talks and possibly invalidating the agreement. image Trump, who himself has considered abandoning the pact signed in January, told a White House press briefing he wanted to see if Beijing lived up to the deal to massively increase purchases of U.S. goods. “No, not at all. Not even a little bit,” Trump said when asked if he would entertain the idea of reworking Phase 1. “I’m not interested. We signed a ... (full story)

This is a huge Right hook punch to USD ! Still we need to follow, this not the final trend, but if trade deal will stuck again USD will drop against magors
Quoting Menelaus
This is a huge Right hook punch to USD ! Still we need to follow, this not the final trend, but if trade deal will stuck again USD will drop against magors
I don't see it that way. People across the world are not happy with China at the moment. If anything, it will result in making USD stronger, but it will take time to adjust.
Quoting here2there
{quote} I don't see it that way. People across the world are not happy with China at the moment. If anything, it will result in making USD stronger, but it will take time to adjust.

In agreeance I see the opposite and see USD strengthening short term across the majority of pairs especially if this US/China trade deal was to escalate. The USD is showing signs it wants to go on another bullish breakout in near term IMO.
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  • Posted: May 11, 2020 9:59pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 5  /  Views: 5,092
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