'Risk' liking Xi so far: yen down, AUD up, stocks higher (for example)

USD/JPY is up 40 some points as Chinese President Xi is speaking

  • AUD/USD up 35 or so points
  • AUD/JPY .... yowza! (A technical term)
  • US equity index futures in overnight trade higher also

Xi is finished now - no escalation in trade war rhetoric, that'll be a positive along with his other mom and apple pie remarks.

So, metaphorically the markets are applauding Xi. Which will only enrage President Trump even more right?

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