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Stocks Hit New Highs After U.S. Removes China’s Currency Manipulator Label

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Stocks have hit new highs after the U.S. removed China’s currency manipulator label by skleb1234

But while the U.S. is making another concession, on China’s end, the news isn’t as promising and much remains to be determined: Theon Monday that the Chinese government said the trade war is “not over yet” and that the phase one deal is “just the first round of a game.”

“Skepticism is going to grow that we won’t see China uphold all the terms of the deal,” says Edward Moya, senior market analyst at Oanda. “Markets are content that in the short term, at least we’re not going to have a spiraling of tariffs that will derail the global growth outlook.

 

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skleb1234 👍

skleb1234 They’ll do anything to keep this bull train going as long as possible. My grandpa retires next year, I’d be lying if I’m not worried about it.

skleb1234 China will be back!

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