Currency Note USD

USD: will the US withdraw from the World Trade Organization?

 

Trump caused further controversy on Friday by threatening to withdraw from the World Trade Organization (WTO). In an interview with Bloomberg, the president said the US will quit the WTO if they don’t shape up. Quite what he means by this is currently anybody’s guess, but others were quick to dismiss the idea.

The markets were understandably jittery as a result and fell across the world. On a day dominated by headlines about Trump, we also learned that the US is to cut all funding for the UN’s main Palestinian refugee programme. Five million people are likely to be affected. A new national survey showed that Trump’s approval rating has sank to a new low. 60% of people disapprove of his performance as president.

There are no economic data releases on the schedule this week, but we will have the manufacturing PMI figures tomorrow. On Wednesday we will see the balance of trade for July and the unemployment change figures on Thursday. On Friday, the all-important non-farm payrolls are set for release. They are expected to have significantly increased to 190,000 in August from 157,000 the month before.

Find out how we can help you

Let us know a little more about your upcoming currency exchange needs. We aim to take the uncertainty away by providing guidance on which services suit your individual requirements. You can then rest, assured your money is not at the mercy of the currency markets.

Protect against risk

Avoid losing money and protect against currencies moving against you.

Dedicated trader

Dedicated currency trader working with you to get the best value for your money.

Secure and efficient transfers

Secure, quick and efficient transfers. Authorised by the FCA.

  • We handle your data with care and only ever as outlined in our Privacy Policy.

Keep up to date

Get regular, jargon-free currency market updates delivered directly to your inbox.

  • We handle your data with care and only ever as outlined in our Privacy Policy.

Refer a friend or business

Recommend our services to your friends, family or colleagues and earn great rewards.