From time to time it seems that Donald Trump is there primarily to sabotage American economy and the performance of American national currency. How so? Well, for starters, today the day started with him imposing tariffs on Brazil and Argentina and threatening to impose tariffs on France. And this came out of nowhere. Now, American market is falling because another statement by Trump.

Just several hours ago Trump stated that he might favor Chinese trade deal only after 2020 presidential elections. And we still have almost a year to go until the election and even more than a year until inauguration. Plus, with the impeachment inquiry swirling around Trump’s head we are still not sure whether he will make it until the elections at all. Of course, there is always the possibility that the House Committee will not vote in favor of impeachment, but I should say, threatening to hold onto trade war with China is a very powerful move. Especially, if you are playing against your own economy.

And USD can easily prove the point – just look at the performance of the greenback! The declines, that started this morning is extended and of course, Trump’s claim only made the situation worse, just as always.

It is very doubtful that the situation is going to improve until we see Trump leave the office or at least someone from his office makes a statement about this claim and whether it has anything to do with the reality.

Until we have an answer, USD is probably going to keep on falling. And we have to be on the lookout for any USD movements. And this is where trading signals are going to help you!