Panic at the trading platforms

The beginning of the week shocked many players at the trading platforms. We mean the investors who trade currency futures. 

What happened during the last day? What had so much influence on the rise in prices for the American currency?

The President of the United States of America has taken serious action in relations with China, exacerbating the situation. From the beginning of September, they will introduce a duty of 10% on goods worth $ 30 billion. At the same time, he expressed a positive attitude towards reaching agreements with the Asian market.

Also,  official sources reported that this tariff of 10% can be raised to 25% and the market took it as a clear failure in the negotiations between the United States and China. The main problem is that it will take some time to repeal this law due to that fact that it will be necessary to provide it in several stages.

Against the backdrop of these events, many shares of large companies showed a rapid decline. At the same time, the USD currency shows a sharp increase, adding almost 0.19% reaching the position of 1.1127