Global View Sugar Flash – China retaliation on Trump trade tariffs hit EM currencies – 5th August 2019
5th August 2019
Daily technical analysis of the global sugar markets from Mike McDougall, Managing Director of Paragon Global Markets.
Trumps surprise move to hit China with a 10% tariff on $300 billion of imports, sparked a Chinese retaliation that included 1) a devaluation in the Yuan and 2) Stopping the import of all US ags by Chinese state enterprises. The important move for sugar is the Yuan devaluation, which is infecting all emerging market
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