Home Trade, Trump keeps USD under pressure – Danske Bank

Trade, Trump keeps USD under pressure – Danske Bank

Published date: 22 Aug. 2018 | 09:55

Jens Pedersen, Senior Analyst at Danske Bank, gives his opinion on the current developments around the buck.

Key Quotes

“In G10, EUR/USD moved higher yesterday towards the 1.16 level aided by further stabilization in risk sentiment and development in the personal investigation against US President Trump”.

“Trade talks could be important to keep an eye on for the rest of week after the apparent breakthrough in US-Mexico NAFTA talks. While the rise in US protectionism has supported the USD recently, moves in the other direction could weigh on USD”.

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