Crude oil exports were on the slide as importers shun Iran in fear of being added to Trump’s trade enemy list and the USD stayed near a month low versus the euro as the yen went up after the U.S.-Mexico deal. The Gold slid down on 28.8 from a two-week high. It went up on the previous trade session, as the dollar firmed against the yuan. That made the precious metal more expensive for buyers in the world's biggest consumer country – China. Also, the renewed legal issues for President Donald Trump stopped investors’ positive appetite. Caterpillar fell 2% and Boeing 0.7 %. Deere shares dipped 1%. The tech shares Alibaba fell 3.2% and Netflix went also down 1.5 %. The US Government had to impulse new tariffs on $16 billion worth of Chinese import-product categories. China struck back with its fresh tariffs on $16 billion worth of imports. UK government took steps to prepare the public and companies for a probable no-deal Brexit scenario creating uncertainty for the country's currency.
Argentine crisis and Turkish Lira — a serious problem
Weekly Report - 03/09/2018