U.S. begin to suffer from trade war more than other economies
Trade war and the Fed’s monetary policy are the two key drivers affecting the assets prices, including the U.S. dollar. 28 out of 50 Reuters experts believe that the first drive is more important, a third of the respondents chose the second one. In my opinion, these factors are related, and, conducting a research, it is necessary to take into account the dominance of the U.S. securities in the global markets. Although 10-year Treasury yield dropped from 2.02% after the FOMC meeting in July to 1.46% in late August,…
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