At the beginning of today's trading session the dollar index continued to rise. The course of the reserve currency continues to strengthen against a basket of major currencies for the fifth day in a row.
US Secretary of Economics Steven Mnuchin is considering the possibility to visit Beijing on a working visit. He also said that the climate is "cautiously optimistic" with regard to the negotiations between the two largest economies in the world.
However, the first steps towards a trade war have already been taken. Thus, the US Department of Commerce imposed a ban until 2025 on the sale of its products by US companies to the Chinese manufacturer ZTE. It is making it impossible for ZTE to use Qualcomm processors and Android OS.
In response to these measures, there were rumors that China may restrict access to its market for US manufacturers and in particular this will affect Apple. Against the background of this news, Apple shares just last week fell from $178 to $165.72.
