Economists are divided over where trade tensions between the US and the rest of the world may lead. OANDA Senior Market Analyst Craig Erlam believes that weakening the greenback cannot be in Trump's interest.
The planned US tariffs on steel and aluminum have not gone down well with the United States' trading partners. With trade tensions intensifying, will we also see a currency war to make things even worse?
European stocks opened higher on Friday, defying a UK election result that looked set to throw Britain into fresh political turmoil and the country's currency on track for its biggest one-day loss of the year.
Financial markets remain jittery as tensions rise after N. Korea fired a ballistic missile over Japan. Political risks and a strengthening euro have put pressure on stocks while investors turned to safe-haven assets.
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