Early on Friday, Reuters quoted the Fed research paper claiming that the Trump administration’s dispute with China means hundreds of billions of dollars in lost U.S. output and as much as $850 billion lost globally through early next year. The news report also mentions the increase in markets’ uncertainty, from the research paper, which recently shot up to levels last seen in 1970s and could result in 1% drop in the US and global gross domestic product (GDP). This sum up to $850 billion loss to global GDP. FX implications While such news fails to have any direct immediate impact on the markets, it highlights the importance of the underlying issue, here it is the US-China trade war, and can help determine possible market moves in a case of any fresh news concerning the same. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next PBOC sets Yuan reference rate at 7.0855 FX Street 4 years Early on Friday, Reuters quoted the Fed research paper claiming that the Trump administration's dispute with China means hundreds of billions of dollars in lost U.S. output and as much as $850 billion lost globally through early next year. The news report also mentions the increase in markets' uncertainty, from the research paper, which recently shot up to levels last seen in 1970s and could result in 1% drop in the US and global gross domestic product (GDP). This sum up to $850 billion loss to global GDP. FX implications While such news fails to have any direct immediate impact… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
