Partial US-China trade deal as of Thursday night includes currency pact, delay in tariffs - Reuters

Eren Sengezer FXStreet

Citing sources familiar with the matter, Reuters on Friday reported that the partial trade deal that the United States (US) and China reached as of Thursday night includes a currency pact and a delay in US tariffs on Chinese goods that were initially planned to go into effect next Tuesday, October 15th.

Markets' reaction was relatively muted to these headlines. As of writing, the 10-year US T-bond yield was up 4% on the day and Wall Street's three main indexes were all adding more than 1.5%.

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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