USD: A Weaker USD Is ‘Clearly’ Part Of Trump’s Economic Plan – ING

The US dollar dropped against its peers and especially against the Japanese yen. Fears of a trade war have risen. Perhaps this is not by chance.

Here is their view, courtesy of eFXnews:

ING Research discusses the USD outlook in light of the ongoing escalation of trade tensions between the US and China.

“Yesterday’s announcement of 25% tariffs on up to US$60bn worth of Chinese imports is clearly an escalation – and started to elicit some retaliation from China.

A weaker dollar is clearly part of the Trump economic plan. Suffering a large net foreign liability position (around US$8trn), the dollar looks exposed if the investment environment deteriorates.

…With global equity markets still adjusting, we continue to see more downside for DXY” ING argues.

For lots more FX trades from major banks, sign up to eFXplus

By signing up to eFXplus via the link above, you are directly supporting Forex Crunch.


Leave a Reply

Яндекс.Метрика