By the beginning of today's trading session the dollar index opened in the red zone and is currently trying to win back positions.
The fall in the reserve currency is due to the behavior of the head of the White House during the recent G7 summit, during which there were general concerns about the continued existence of the whole group. Since Trump was met by his colleagues with criticism of his administration because of the introduction of new duties.
However, all of Trump's attention soon switched to an upcoming meeting with the leader of North Korea. Taking into account the manner of the speeches of the American president, the outcome of the talks remains a mystery. However, the signing of a "peace" treaty would sharply raise the craving for risky assets on the financial markets, as well as cause a sharp increase in investment.
This moment has played into the hands of President of China Xi Jinping, who positions himself as a defender of globalization. Furthermore, there were negotiations between Xi and the Prime Minister of India Narendra Modi on some trade issues. The Prime Minister invited the head of China to an informal summit in India next year. We observe that the two most densely populated countries having previously disputed on the joint border are trying to establish relations.
