Analysts at TD Securities point out that US/China trade talk has undoubtedly intensified, though the China's response may suggest a willingness to get back to the negotiating table.
“Nonetheless, we see little reprieve in the near-term with little incentive for the US to relent as the aggressor.”
“FX markets appear content to reward the USD in the interim - even though the longer this drags on the more adverse impact it may have on growth/Fed policy down the road.”
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