Summer may be over but the sun is shining bright on the U.S. dollar. The greenback extended its gains against all of the major thanks in part to stronger than expected manufacturing activity. Despite trade tensions and U.S. dollar strength, the manufacturing sector is performing well with activity expanding at its fastest pace in 14 years.
Bank of Canada
Trade War Sparks Mounting Concerns of Growth Risks
Trade Turmoil
China has vowed to fight back against the Trump administration’s plans to impose tariffs on an additional $200 billion in Chinese goods, albeit with a subtle shift in tone and talks may still be on the table.