- Protectionism and uncertainty are having a negative impact on US economic confidence
My guess is that he’s commenting on the euro’s recent showing against the dollar in comparison. I think ECB policymakers can take in some comfort that EUR/USD did ease off from a high of around 1.1500 in April. But as the trade conflict is yet to be resolved, it’s no time to be complacent just yet.
This article was written by Justin Low at www.forexlive.com.