The state of the market: the risks of a trade war are weakening

Concerns about the trade war are narrowing after the US President D. Trump collided with political pressure. At the same time, Trump noted that the new tax duties on steel and aluminum will be abolished if the US receives more favorable terms under the NAFTA agreement. As a result, new duties have become a lever of pressure on the US trade partners, which will be difficult to implement.

As a result, the pressure on the US currency weakened, as well as on commodity currencies, but the uncertainty about the US policy remained. As a result, fears over the American have been preserved and may be further strengthened by safe assets.

The US dollar index, in turn, is clamped in a sideways trend, keeping a negative dynamic, which in the future may cause an acceleration of the American decline.

Graph of the US dollar index. The current price is 90.00.

Hanzenko Anton