You are here
U.S. dollar outlook darkens as trade war looms
This also likely will prompt more vigorous suppression of the monetary metals by the U.S. government, and more determined avoidance of the issue by mainstream financial news organizations.
* * *
Gertrude Chavez-Dreyfuss
Reuters
Friday, March 2, 2018
NEW YORK -- The U.S. dollar could face headwinds if President Donald Trump's proposals to impose stiff tariffs on steel and aluminum imports are enacted, with the biggest risk stemming from the possible flight of capital flows needed to finance ballooning U.S. deficits.
Currency markets, in general, dislike any form of trade intervention and previous protectionist efforts by the U.S. government have resulted in dollar weakness.
... Dispatch continues below ...
Peat Resources Ltd. Engages Better Chain S.L.
in Launch of Cobalt Blockchain Project
Company Announcement
Thursday, March 1, 2018
TORONTO -- Peat Resources Ltd. (TSXV: PET) is pleased to announce that it has engaged Better Chain S.L. in the launch of the company's project to provide a blockchain-based platform to demonstrate compliance of cobalt and other minerals (the Cobalt Blockchain Project) with international standards on responsible procurement.
"Manufacturers and end-users are demanding more transparency on the origin of minerals to ensure compliance with international standards and that all materials procured are conflict- and child-labor-free," said Lance Hooper, Peat's president and chief operating officer. "To help meet these demands we are pleased to welcome Better Chain to the Cobalt Blockchain Project. Their wealth of experience will add immense value to our efforts in developing an integrated platform for mineral supply chains with an immediate focus on unlocking the potential of ethically-sourced cobalt from the Democratic Republic of the Congo." ...
Peat Resources Ltd. is a Canadian resource company expanding its exploration and development business to include interests in cobalt and other mineral assets, with existing licenses for conflict-free mineral and metals provisioning in the DRC, and exploring distributed ledger technology-based certification to ensure a socially-responsible cobalt supply chain with the Cobalt Blockchain Project. ...
... For the remainder of the announcement:
https://ceo.ca/@newswire/peat-resources-limited-engages-better-chain-sl-in
"The U.S. is now in a very precarious position because it's putting a risk premium on U.S. assets by introducing tariffs and going down this protectionist route, which is negative for growth," said Mark McCormick, head of North American FX strategy at TD Securities in Toronto.
The introduction of import tariffs threatens to increase the price of foreign products in the United States, reducing demand and imports.
Tariffs introduced by Presidents George W. Bush and Bill Clinton in 2002 and 1995 resulted in a 15 percent decline in the dollar overall, according to estimates from TD Securities, although there were other factors that also undermined the U.S. currency during those periods. ...
... For the remainder of the report:
https://www.reuters.com/article/us-global-forex-trade-war-analysis/u-s-d...
* * *
Join GATA here:
Mining Investment Asia
Monday-Wednesday, March 26-28, 2018
Marina Bay Sands, Singapore
https://www.mininginvestmentasia.com/
Mines and Money Asia
Tuesday-Friday, April 3-6, 2017
Hong Kong Convention and Exhibition Centre
https://asia.minesandmoney.com/
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
