Euro to usd forecast 2019: EUR/USD: Forecast: Double-Bottom In Danger

A new factor in the trade war is the value of the Chinese yuan. The currency extends its erosion against the greenback, edging closer to 7 on USD/CNY. President Donald Trump accused China of manipulating its currency to support exports. So far, Chinese authorities have refrained from using this tool, keeping it as a last resort and also due to their own interests: preventing capital flight.

Leave a Reply

Your email address will not be published. Required fields are marked *