Analysts at ANZ explained that the euro again shrugged off last week’s threat from Trump’s auto tariffs and strengthened in the face of equity market weakness. Key Quotes: “That could possibly reflect the fact the US Treasury is drawing up curbs on companies with 25% Chinese ownership from buying “industrially significant technology” in the US. Washington’s trade policy seems to be becoming increasingly protectionist, which if confirmed could begin to affect capital flows.” “Given the US’s large current account deficit (2.5% of GDP in Q1) and rising US budget deficit (forecast at 4.0% of GDP this year), the USD would be vulnerable in that environment.” 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 Global trade tensions remain in focus, watching the greenback – TDS FX Street 3 years Analysts at ANZ explained that the euro again shrugged off last week's threat from Trump's auto tariffs and strengthened in the face of equity market weakness. Key Quotes: "That could possibly reflect the fact the US Treasury is drawing up curbs on companies with 25% Chinese ownership from buying "industrially significant technology" in the US. Washington's trade policy seems to be becoming increasingly protectionist, which if confirmed could begin to affect capital flows." "Given the US's large current account deficit (2.5% of GDP in Q1) and rising US budget deficit (forecast at 4.0% of GDP this year), the USD… Top 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.
