ECB’s de Guindos: Trade war is bad news for the world economy, everyone loses in that situation
Source Fxstreet
European Central Bank (ECB) Vice President Luis de Guindos said on Monday, “trade war is bad news for the world economy, everyone loses in that situation.”
US President Donald “Trump administration has increased economic uncertainty due to tariffs, deregulation,” the ECB official added.
Market reaction
These comments fail to move a needle around the Euro, with EUR/USD trading flat on the day near 1.0885.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Elon Musk’s D.O.G.E fails to stop US federal spending from hitting all-time highsUS federal spending just hit a record $603 billion in February, in spite of Elon Musk’s Department of Government Efficiency (D.O.G.E) tearing through government agencies with mass firings and budget cuts. Treasury data released Wednesday confirms that spending still jumped by $40 billion compared to last year, a 7% increase, exposing how difficult it is […]
US federal spending just hit a record $603 billion in February, in spite of Elon Musk’s Department of Government Efficiency (D.O.G.E) tearing through government agencies with mass firings and budget cuts. Treasury data released Wednesday confirms that spending still jumped by $40 billion compared to last year, a 7% increase, exposing how difficult it is […]
XRP price started a fresh recovery wave above the $2.120 zone. The price is now consolidating and might clear the $2.350 resistance zone. XRP price started a fresh recovery wave above the $2.120
Gold’s price (XAU/USD) hits a fresh all-time high above the $2,990 level at the time of writing on Friday, registering a weekly gain of over 2.5% for now.
XRP has struggled to gain momentum, with its price caught in a downtrend since the beginning of March. Although XRP has managed to push up in the past five days after reaching a low of $1.93 on March
Gold price (XAU/USD) remains strong near $2,985 after retracing from an all-time high of $3,005 during the early Asian session on Monday.
Related Instrument
