State of the market: Trump tightens trade relations, and the US dollar maintains an upward trend

From the beginning of trading on Friday there is an information that US President D. Trump gave a decree to increase duties on Chinese imports by $ 100 billion. Earlier, as part of the trade confrontation, the US raised duties on Chinese imports by $ 50 billion a year. Because of this, the Chinese government took similar measures regarding US imports. Now the market expects response from China.

Despite the aggravation of the trade confrontation, the US dollar index continues to grow, which is caused by the expectation of the publication of the report on employment in the US, which will be released today. Also, the American continues to enjoy the uptrend and optimistic expectations for employment in the US.

Graph of the US dollar index. The current price is 90.50.

Hanzenko Anton