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28.12.2018 12:06 PM
Investors are hiding in safe assets for the United States and China
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The Japanese yen and the Swiss franc continued to strengthen their positions against the US dollar, as investors decided to move to safe assets after the publication of the weaker-than-expected macroeconomic statistics of the United States and China, as well as the resumption of trade disputes between countries.

Reuters News Agency on Thursday reported that the administration of US President D. Trump is considering the possibility of declaring an emergency in 2019 in order to prohibit US companies from using Chinese Huawei Technologies and ZTE products.

In addition, the date of the end of the 90-day truce in the trade war is approaching, and countries still cannot reach a mutually beneficial agreement, which further increases market anxiety.

Against this background, the Japanese yen against the US dollar is trading at three-month lows, at around 100.50.

Roman Agafonov,
Analytical expert of InstaTrade
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