The US Dollar continues to lose appeal to many investors, as a tension packed weekend looms. The confrontational rhetoric is increasing and so are the chances that the next step may lead to an escalation, in the dispute between the US and China.
The general mood in the markets is risk-off, which this time also appears to be extending to the Greenback as investors listen to voices pointing to potential damage to the US economy. A letter to President Trump, signed by hundreds of corporations, urged caution in the imposing of tariffs on Chinese imports as these can potentially harm American businesses and consumers.
Photo by Jose Moreno.