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TLH - Weekly Edge: Europe Signals A Possible Rate Cut In July
iShares 10-20 Year Treasury Bond
Originally published on June 19, 2019
By Ansh Chaudhary
European Central Bank President Mario Draghi announced yesterday that the bank "could roll out fresh stimulus as soon as July, sending the euro lower against the dollar and prompting an unusual rebuke from President Trump," writes The Wall Street Journal. Trump claims a weaker euro will now make it easier for the European Union to compete against the U.S.
According to the Journal, the EU has had a trade surplus with the U.S. for a long time. In 2018, it reached a record high