Boris and Kathy Forex Weekly – 21-01–2019 – Crosses
January 20, 2019 9:57 pm
How US Government Shutdown is Good for USD and Stocks
For the first time this year, we’re seeing renewed demand for U.S. dollars and it is not due to risk aversion. U.S. stocks ticked up every day last week, driving equities higher across the globe. Britain’s all important Brexit vote did not have the catastrophic impact on the markets that everyone feared even though Prime Minister May lost by a wide margin. Investors are also looking forward to China Vice Premier’s visit to the US at the end of the month in the hopes that trade tensions will begin to thaw.
How US Government Shutdown is Good for USD and Stocks
For the first time this year, we’re seeing renewed demand for U.S. dollars and it is not due to risk aversion. U.S. stocks ticked up every day last week, driving equities higher across the globe. Britain’s all important Brexit vote did not have the catastrophic impact on the markets that everyone feared even though Prime Minister May lost by a wide margin. Investors are also looking forward to China Vice Premier’s visit to the US at the end of the month in the hopes that trade tensions will begin to thaw.
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