The reason for the equity sell-off is clear, as the dollar collapses:
March 30 (Bloomberg) -- The U.S. Commerce Department decided today to levy new duties on imports from China to compensate for Chinese subsidies to exporters, reversing more than two decades of practices.link
March 30 (Bloomberg) -- The dollar declined against the yen and euro, erasing earlier gains, as the U.S. Commerce Department decided to levy new duties on imports from China to compensate for Chinese subsidies to exporters.
``It is pure protectionism,'' said Michael Malpede, a senior currency analyst in Chicago at Man Global Research. ``The measure raises fear that China may retaliate. They may not keep buying Treasuries.'' link
March 30 (Bloomberg) -- The U.S. Commerce Department decided today to levy new duties on imports from China to compensate for Chinese subsidies to exporters, reversing more than two decades of practices.link
March 30 (Bloomberg) -- The dollar declined against the yen and euro, erasing earlier gains, as the U.S. Commerce Department decided to levy new duties on imports from China to compensate for Chinese subsidies to exporters.
``It is pure protectionism,'' said Michael Malpede, a senior currency analyst in Chicago at Man Global Research. ``The measure raises fear that China may retaliate. They may not keep buying Treasuries.'' link
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