Dollar nurses wounds as factory data sparks economy concern

World News: . []

Dollar nurses wounds as factory data sparks economy concernSentiment also took a hit after U.S. President Donald Trump announced tariffs on metal imports from Brazil and Argentina. Recent U.S. economic data had shown signs of improvement, so a fourth consecutive month of shrinking manufacturing activity as well as an unexpected decline in construction spending put a big dent in hopes that the world's largest economy had stabilised. Investors are also worried about how the United States will scale back a 16 month-long trade war with China, while more tariffs on other countries' goods would pose an additional risk to the global economic outlook.


Read More: LINK 

Published: .

Search for other references to "dollar" on SPi News


Share

Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
 
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.
 
Privacy Policy | Terms and Conditions | Contact Us