Some White House officials are trying to restart talks with China before US tariffs on Chinese products are set to take effect on July 6 in order to avert a full-blown trade war with the world's second-largest economy, according to Bloomberg.
The staff of the National Economic Council has contacted former US government officials and China experts in recent days to gauge chances for high-level talks in the next two weeks and is also considering inviting Chinese Vice President Wang Qishan, people familiar with the plans said.
If NEC's efforts come to fruition, then the risk assets will likely regain poise and the safe haven assets would run into offers.
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. The author will not be held responsible for information that is found at the end of links posted on this page.
Recommended content
Editors’ Picks

BoE maintains bank rate at 4.25%, Pound Sterling holds steady – LIVE
The Bank of England (BoE) left the policy rate unchanged at 4.25% as widely anticipated. Three policymakers voted in favor of a rate cut. Pound Sterling struggles to gather strength with the immediate reaction and GBP/USD stays in daily range slightly above 1.3400.

EUR/USD struggles to reclaim 1.1500 amid light trading
EUR/USD trades marginally lower on the day below 1.1500 the second half of the day on Thursday. The US Dollar stays resilient against its rivals, supported by the risk-averse market atmosphere and the Fed's cautious tone on policy-easing.

Gold trades in tight channel below $3,400
Gold recovers modestly and trades slightly above $3,370 after touching a weekly low earlier in the day. Growing concerns over a deepening conflict in the Middle East, with the involvement of the US, force markets to adopt a cautious stance and help XAU/USD limit its losses.

Bitcoin on the verge of a breakdown amid possible US strike on Iran
Bitcoin price finds support around the 50-day EMA at $103,100; a decisive close below this level could trigger a sharp correction. Reports that US officials are preparing for a strike on Iran in the coming days could further weigh on sentiment.

In the Eurozone, inflation is also a monetary phenomenon
Monetary aggregates continue to be closely monitored by the European Central Bank (ECB), a sign that, despite the passage of time and the increasing complexity of financing circuits, quantitative theory remains relevant.