EUR/USD is up due to concerns about negative influence of trade wars on US growth
Over many decades, the U.S. has been the leader and the rest of the world was following it. The U.S. stock indexes used to respond only to the domestic economic data and the Fed’s monetary policy, crises used to emerge in the U.S. and spread to other countries and not vice versa. As the US exports has not much contribution to the U.S. GDP, the US economy was protected from the problems of global trade. Much has changed over the recent years. The Fed was…
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