Early during Thursday, China’s South China Morning Post (SCMP) released a news story conveying the fact that Taiwan has announced plans to buy US$3.6 billion worth of American farm products, including soybeans, corn, wheat and meat products.
The news report further mentioned that during a trade mission led by Chen Junne-Jih, Taiwan's deputy minister of agriculture, a letter of intent would be signed next week with US grain and meat exporters.
With the US and Chinese authorities clamping up to recede global trade tensions, such news can help strengthen markets’ risk-on sentiment, which in turn could negatively affect the Japanese Yen (JPY) and Gold.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.