For now, hope springs eternal. There is good chance for de-escalation but what does that really mean is a separate discussion. But market players are taking on a more optimistic side for the time being. Buy the rumour, as one would put it.
Come what may, the end goal is basically what markets have to really consider ultimately. If it is moving towards de-escalation and slow removal of tariffs or a much lower level, then sure there is something to be cheerful about.
But if the base case is for higher tariffs in general i.e. Trump hoodwinking the world into forcing tariffs on everyone, I think that's a consequence towards the global economy that markets have yet to really price in. But for now, baby steps.
This article was written by Justin Low at www.forexlive.com. Read More Details
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