Additional headlines are now crossing the wires, via Reuters, citing the White House Economic Adviser Kudlow, as he reiterates that the US and China are to the short strokes on a Phase 1 deal.
Last hour, Kudlow said “We're getting close” to trade deal with China that boosted the risk-on trades across Asia.
Meanwhile, the Fox Business News correspondent Lawrence tweeted out: “Chinese trade sources tell us that there will be a primary level phone call between the US and Chinese trade delegations on Friday to try and finish getting a Phase One deal with China on paper. This call follows deputy level calls today which US trade sources confirmed.”
Markets are rejoicing the latest trade optimism that makes a trade deal more likely than before. USD/JPY extends recovery to near 108.60, the Aussie looks to regain the 0.68 handle while Treasury yields rebound nearly 1% and Asian stocks are mostly 0.50+% higher.
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.