G20 meet June 28 & 29 – FX will be a hot topic. We’ll get a big cue on June 24 on how hot.


The reason I highlight this is because on June 24, just a few days before the G20 summit (June 28 and 29) is the US Commerce Dept. makes its final ruling on the proposal on June 24th.

This could well be another front opened up in trade negotiations.

Yen might be a target? Yuan also, of course. And given Trump’s comments just this weak on an undervalued EUR, EUR also. Actually, given the USD strength is anyone safe? 

In late May we reported on news the US Commerce Department is proposing a  new rule to impose anti-subsidy duties on products from countries that undervalue their currencies against the USD.


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