US: Cold war brewing – Danske Bank

Sandeep Kanihama FXStreet Contributor

Analysts at Danske Bank suggest that in another sign that a new cold war is brewing, Trump warned yesterday that the US intended to build up its arsenal of nuclear weapons against Russia and China.

Key Quotes

“It comes two days after he warned that the US would withdraw from the Intermediate-Range Nuclear Forces Treaty. If implemented, it could mark the start of a new arms race. Some critics say the move would damage diplomatic pressure on Russia to comply with the Treaty without bringing clear military advantages.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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