State of the market: the US threatens with new duties

At the beginning of the day, sentiment on the market deteriorated sharply once it was known that the US intends to impose new duties on Chinese goods in the amount of $ 200 billion. This statement caused a decline in the Chinese yuan and currencies of the Pacific region, from which the US dollar was restrained. The new US tax of $ 200 billion is likely to be the last valid argument in the trade confrontation between the US and China, which ultimately can completely destroy the trade relations between these countries.

The US dollar index reacted with restrained growth to the possibility of new duties, while stock indices were under considerable pressure. Significant resistance for the American dollar remains levels: 94.40 and 94.60, support: 94.20 and 94.00.

Read also: “The US Trade War 2.0. New facts »

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. Procter & Gamble gave an opportunity to earn! Analysis of the investment idea of ​​June.
2. State bonds, as a factor to buy one or another currency.
3. The US mitigates the positions on foreign investment!