The expected political events of the week will contribute to the strengthening of the US dollar and the weakening of other major currencies. The main reasons are the trade war imposed by the United States on Mexico and the results of the meetings of the head of the People’s Bank of China with US Treasury Secretary Stephen Mnuchin.
The United States represented by Stephen Mnuchin is trying to dictate its conditions to China. Trump prepared the basis for this and set another ultimatum by entering protective duties on goods from the PRC in the amount of $ 300 billion immediately after the end of the G-20 summit. China can now abandon the previously scheduled meeting of the two leaders in Osaka or take a step towards defusing the confrontation by sending a message through the US Treasury.