Xinhua pumping out more feel good vibes, but the big hit was earlier:
- China state media report President Xi lauds substantial progress on trade agreement
- AUD pop, yen drop on the Xinhua headline
Still, if the state media group keep this up they'll give AUD longs more reasons to smile.
Reporting now that Vice Premier Liu He (lead trade negotiation with the US) says a new consensus has been reached on the text of the trade deal.
Do bear in mind that Lighthizer and Navarro were not nearly so ebullient earlier:
More from Liu (via Reuters):
China's Liu conveys message to trump on behalf of xi - Xinhua
- Xi says he hopes US, China trade teams can continue to make progress on each other's concerns, liu says - Xinhua
- Xi says two sides have made new and substantive progress on key issues in trade text, Liu says - Xinhua
- Liu told trump two sides have reached new consensus on important issues, including on trade deal texts - Xinhua
- Liu says two sides will continue to work hard to conclude the trade negotiations as soon as possible - Xinhua
