First, a few words about the events of the past week:
- EUR / USD. Olden Trump decided to once again shake up the market. Putting aside for the Chinese problem, he turned his attention toward Mexico. If you can not build a wall on the border with it in order to stop the illegal flow will punish Mexico dollar, the US President decided raised and duties on goods of Mexican production. Further - more, in July rate will be raised to 10% in August - up to 15% in September - up to 20%, and in October - 25%.
It is possible that such a show of force had a dual purpose - apart from Mexico punishment, even scare Beijing: they say, look, what we do with the unruly!