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06/3/2018

Dollar remains weak despite unlikely trade war

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Commodity Alert : Dollar remains weak despite unlikely trade war



The dollar continued to stay weak although a global trade war initiated by Trump’s harsh tariff plan becomes less likely. Despite U.S. President Donald Trump’s strong remark that no country can be exempt from the tariffs on steel and aluminum imports, investors tend not to see it translate into policy as both Republicans and Democrats oppose the plan, cooling down fears of a global trade war. Focus in Japan this week will be on the Q4 GDP data due Thursday as well as the monetary policy statement from The Bank of Japan and nonfarm payrolls on Friday, although the statement should come nothing too surprising as the Bank confirmed to maintain its monetary policy.


Source : Investing

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Tags:Currency

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