That’s the opinion of Hyun Song Shin, head of research at the Bank for International Settlements. A stronger dollar can depress demand for credit while reflecting reduced investor appetite for the riskiest assets, Shin wrote in a report released Tuesday by the BIS. Source: Bloomberg
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The German government said on Tuesday that US President Donald Trump’s decision to send additional troops to Afghanistan was “the right thing to do.” Defence Minister Ursula von der Leyen also welcomed the decision but said that Germany would not follow suit by further raising its troop numbers. Source: The Local
The United States warned an angry Pakistan on Tuesday that it could lose its status as a privileged military ally if it continues giving safe haven to Afghan militant groups. Source: France24
U.S. President Donald Trump warned on Tuesday he might terminate the NAFTA trade treaty with Mexico and Canada after three-way talks failed to bridge deep differences. Source: Reuters