Global trade tensions and Brexit fears are good for the dollar
The dollar is firm as sterling is stricken by hard-Brexit fears; world shares hold just off 10-day highs, but Europe is flat
17 July 2019 - 11:30
London — Resurgent trade tensions, concern over the outlook for corporate America and the growing risk of a chaotic Brexit in the UK dampened appetite for equities on Wednesday while keeping alive interest in the dollar and government bonds.
US President Donald Trump has threatened again to tax another $325bn of Chinese goods, amid nervousness over when the two sides will resume trade talks. But the US, too, could face Chinese sanctions following a World Trade Organisation (WTO) ruling on Tuesday...
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