The dollar has edged towards a one week high this morning against a basket of currencies, including the pound and the euro. This comes as investors are turning to the greenback due to US-China trade tensions.
The US awaits revised GDP data later today and the Federal Reserve’s announcement on their preferred method of inflation tomorrow.
The dollar held steady yesterday afternoon, despite increasing US-China trade tensions. Today, Chinese Vice Foreign Minister Zhang Hanhui said that provoking trade disputes is “naked economic terrorism.” An expert has predicted that the trade war could wrap up within 6 months, but a war on tech will continue for some time.
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