High demand for bonds and the recovery of the German economy may provide a fresh spur for the European currencies
The trade war trained us to believe in the US dollar. The US economy shows resilience to the slowdown of global trade and GDP due to its exports have a smaller share in the gross domestic product than, for example, in the euro area. The demand for U.S. securities is high, it doesn’t matter whether the Fed is hiking the rates or cutting; the USD is comfortable around its all-time highs. Nonetheless, everybody wants to end the trade war, including…
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