Breaking: China is ready to do a deal on parts of negotiations both sides agree upon

Eren Sengezer FXStreet

According to Edward Lawrence, a correspondent for Fox News, the Chinese Commerce Ministry said that China is ready to do a deal on the parts of the negotiations both sides agree upon.

With the initial reaction, the safe-haven assets such as the JPY and gold came under strong selling pressure to suggest risk-on flows are now dominating the markets.

As of writing, the USD/JPY pair was up 0.45% on the day at 107.40 while the XAU/USD pair was down 0.85% at $1,492.

"The Chinese Commerce Ministry tells us China is ready to do a deal on the parts of the negotiations both sides agree upon. The Ministry tells us they are prepared to set out a timetable for the harder issues to be worked out next year," Lawrence tweeted out.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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