Markets can cheer: China appears to finally be addressing its US trade surplus
- Beijing is turning the trade leaf: Its merchandise trade surplus with the U.S. is down at an annual rate of 10% in the first four months of this year. On current trends, that surplus could fall 24% in 2019.
- A friendly Trump-Xi meeting is likely during the G-20 summit in Osaka, Japan later this month.
- The Fed is maintaining its extraordinarily easy credit stance with an astounding $1.4 trillion of loanable funds in the banking sector. Read More @ https://www.cnbc.com/2019/06/10/china-appears-to-be-cutting-its-us-trade-surplus—commentary.html?__twitter_impression=true&recirc=taboolainternal
The Euro and other currencies are devalued against the dollar, putting the U.S. at a big disadvantage. Fed rate way too high – WHAT WILL FED DO? REDUCE RATE?
Interesting to see what is going to happen and FED’s monetary policies…We sell USD.
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