What currencies will benefit from the escalation or the easing of the US-China trade battle?
The calm before the storm. That is how financial markets can be characterized ahead a new round of the US-China trade talks. Much is at stake. A progress in the trade relations will increase global risk appetite; on the contrary, the trade war escalation will encourage investors to increase the share of safe-havens in their portfolios. Optimists believe that Donald Trump will be more amendable to China than he used to be as trade war is already weighing on the U.S. economy, but retaining high…
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