This translation has been automatically generated and has not been verified for accuracy.A dive in the dollar catapulted the euro higher and flattened stocks on Thursday, as the first U.S.-China trade talks since July and a report accusing the European Central Bank chief Mario Draghi of going rogue jostled for attention.
The Financial Times reported that the ECB had restarted its bond-buying program last month despite objections of its own officials, a further sign of how the move has reopened divisions within the institution. As well as the ECB resistance to Draghi’s latest moves, Hardy said that could also have a read-across for the euro, with the United States expected to lay out sanctions next week in retaliation for Europe’s past aid for planemaker Airbus.
Without significant progress, U.S. President Donald Trump is set to hike the tariff rate on $250 billion worth of Chinese goods to 30% from 25% next Tuesday. U.S. Democratic presidential contender Joe Biden called for the impeachment of Trump for the first time in a deepening partisan fight over a congressional investigation of the Republican president.“Mr. Trump’s recent impeachment risk has turned the timetable against him,” Chi Lo, senior economist at BNP Paribas Asset in Hong Kong, wrote in a report to clients.
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