Day by day the situation with a trade war is getting worse. On Friday, for example, the Mexican peso showed the strongest drop in the last seven months after the announcement of the introduction of new US duties on Mexican goods in response to the flow of illegal immigrants. It was a surprise to the markets since the agreement between the USA, Mexico and Canada...
Does anyone else see a simile with August 2015? In that month Usd-Cnh jumped from 6.20 to 6.60, S&P 500 -15%, copper -9%, and Eur-Usd has reached a gain of over 700 pips.
“China may stop purchasing US agricultural products and energy, reduce Boeing orders and restrict US service trade with China. Many Chinese scholars are discussing the possibility of dumping US...
