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When news breaks on the trade war, algorithms and wishful thinking kick in.
President Trump is trying to use the law in unprecedented ways.
The commodity is attracting nervous individual investors and central banks looking for a safe bet.
The U.S. dollar offers a safe haven in times of investor uncertainty and fear.
It comes as the Chinese yuan dropped to its lowest level against the dollar in a decade.
It’s the largest drop since December.
China’s government accused Trump of violating his June agreement with President Xi Jinping to revive negotiations aimed at ending a costly fight over Beijing’s trade surplus and technology ambitions.
The increase comes on the heels of the 12th round of trade negotiations between the two countries.
Two months of massive demonstrations could be hampering tourism and international investment.
The U.S. is expected to resume trade negotiations with Chinese officials in Shanghai tomorrow.