Trump Says U.S. ‘Winning’ Trade War After Reviving China Talks
President Donald Trump declared the U.S. was “winning” the trade war a day after reaching a temporary truce with Chinese President Xi Jinping.
On a visit to South Korea following the Group of 20 summit in Japan, Trump said at a news conference that the Federal Reserve “has not been of help to us at all” in his trade spat with Beijing
It’s a busy day ahead on the economic data front.
Key stats include Spain and Italy manufacturing PMI numbers for June and Germany and Eurozone unemployment numbers. Finalized manufacturing PMI numbers out of France, Germany and the Eurozone will unlikely have an impact barring revisions from prelim figures.
Outside of the numbers, the outcome of the G20 Summit will also influence and there is the issue of Iran to also consider.
An end to the U.S – China trade war could lead to the FED holding rates unchanged, which would be Dollar positive. The rise in the chances of a U.S – Iran military entanglement would also be considered EUR negative
Trading Central – USDCHF : sentiment is a sell to 0.9700 if Below 0.9900
Trading Central – EURJPY : sentiment is a Buy to 126.66 if Above 120.51
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