Bad signs for the top economy

Bad signs for the top economy

The dollar has fallen from a two-year high amid trade tensions with China.

A drop in the value of the dollar from a two-year high Friday following a decrease in orders for US-made capital goods represents further evidence that manufacturing and the broader US economy are slowing, in large part due to the US-China trade dispute.

The weaker-than-expected data added to a fall which began Thursday following a report that showed manufacturing activity hit its lowest level in almost a decade in May.

The reports suggest that a sharp slowdown in US economic growth is underway, which could affect the dollar’s safe-haven status.

This is exclusive content for our Subscribers

Login or Subscribe


Enjoy unlimited access to including exclusive video, multimedia content and priority access to forthcoming issues. 

Subscribe today for just $9.99USD/Month.


About the Author:

Paul Imison
error: Content is protected !!