2 Dec by Vitaliy Dadalyan

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Dollar nurses wounds as factory data sparks economy concern

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.

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