The Government of China did not leave the United States without an answer and applied reciprocal tariffs for US goods amounting to $60 billion, after Washington imposed duties on Chinese goods amounting to $200 billion. The Chinese Yuan continues its decline against the US dollar and is currently updating its 2-year lows.
Donald Trump said that "We [US] are leading in the tariff war" and that it is "his thing" to engage in such actions.
It is possible that the introduction of last month's of tariffs of $34 billion can already see a reflection in the monthly report for July.
Today in Canada Civic Holiday is celebrated, and because of that we expect a decrease in the volatility of pairs with the Canadian dollar.
The market of cryptocurrencies is on the verge of crisis, as mining may soon become a loss-incurring business and most investors simply merge their crypto portfolios.
During Saturday's session Bitcoin lost over $400 in value and led the entire crypto sector into the red zone.
