The US has now announced a further USD200bn worth of 10% tariffs on China, escalating trade tensions further, notes the research team at Rabobank. Key Quotes “China has promised to respond, but cannot do so on goods alone given its relatively smaller import bill.” “The market is continuing to see recent weakness as just ‘catch up’ rather than an FX war.” “However, that could still change as trade wars get worse, the Fed hikes, and China slows.” 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 When is the BoC rate decision and how could it affect USD/CAD? FX Street 3 years The US has now announced a further USD200bn worth of 10% tariffs on China, escalating trade tensions further, notes the research team at Rabobank. Key Quotes "China has promised to respond, but cannot do so on goods alone given its relatively smaller import bill." "The market is continuing to see recent weakness as just 'catch up' rather than an FX war." "However, that could still change as trade wars get worse, the Fed hikes, and China slows." 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.
