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Investors doubt that White House won’t resort to FX interventions and trade war will finish soon
When you have twice said that you are not going to do something today, but you may do this tomorrow, investors feel stress. Mnuchin, for the second time in the past two months, has said the United States does not intend to intervene in currency markets for now. The U.S. Treasury Secretary suggested that he’d prefer any future move be coordinated with the Federal Reserve and global allies. And many questions arose immediately in the market. What does “in future” mean? Will it be…
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