German EcoMin: Business sentiment significantly hit by US trade policy & strong Euro

Dhwani Mehta FXStreet

Headlines crossed the wires, via Reuters, from the German Economy Ministry, citing:

German business sentiment significantly hit by US trade policy and strong euro.

The climate remains good though.

Economic data points to upturn continuing.

Private consumption is losing steam somewhat according to indicators.

The US trade tariffs should be manageable for the global economy but possible escalation into trade wart and growing uncertainty could cause terrible damage.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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