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President Donald Trump threatened a major escalation in trade tensions with Beijing on Thursday, saying he was considering imposing tariffs on an additional $100 billion in imports from China. This is a dramatic escalation but markets reacted in a rather muted manner as dollar index hardly budged. This is a dead give away to the market bias. The next move from China may not be on Tariff but on USDCNY fixing. If they decide to fix yuan lower, USD index will change course.
Trade copier results