Yesterday, the dollar was mostly flat against major currencies and it is weak this morning, as the markets await news on the US-China trade talks.
Trump has said that China ‘broke the deal’ agreed with the US and that he wouldn’t back down on Friday’s tariff rise until Beijing ‘stops cheating our workers’.
Today, US-China trade talks resume in Washington after an eventful start to the week. With so much at stake for both nations, the next few days will be crucial in determining whether a deal can be agreed. It will also be interesting to see if China continues to backtrack on some of its trade commitments.
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