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We start in the us, where President Trump has raised the prospect of a global currency war just days after he agreed a truce in the trade battle with china. Hes taken to twitter to call for the us to force down the value of the dollar to better compete with china and europe a move that could have huge implications for economies around the world. In the tweet he accuses china and europe of playing a big currency manipulation game and pumping money into their system in order to compete with usa. And he says the us should match, or continue being the dummies who sit back and politely watch as other countries continue to play their games as they have for many years the comments came as official figures revealed the us trade deficit the shortfall between what america imports and what it exports has soared. Cutting or eliminating that deficit is of course a key aim for President Trum ....
The s p is back above 1800. The s p is about 1. 3 away from its alltime highs. The closing high was 1848. We have another day like today and were back. A lot of people are going to be saying what happens to my correction . Exactly. We have jim grant coming up. Hell be joining us exclusively. Hes a closely watched fed follower. No fan of ben bernanke. What does he think of janet yellen and what she said and the Market Action which he described as completely manipulated by what the fed is doing in the first place. He will be here in just a bit. Always look forward to jim grants comments. In the markets right now it has been off to the races pretty much all day and its one of those days where you havent seen much loss of momentum as the day builds. The dow up at about the high of the day. Were just off the high of the session up 211, or 1. 3 . This would be the fourth consecutive up day for the dow. First time we have seen that this n ....
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