Friday US trade was impacted by the news of China's trade negotiation delegation to the US:
Flows into yen and out of risk on this, as you would expect.
Weekend reports have softened the news somewhat. Via NY Times:
- both sides moved on Saturday to indicate that the negotiations continue
- China's state-run Xinhua news agency said on Saturday that fairly senior negotiators had "conducted constructive discussions" in Washington in recent days and had "agreed to continue to maintain communication."
- The tone of the Xinhua statement was matched by a separate statement from the United States trade representative in Washington. "These discussions were productive, and the United States looks forward to welcoming a delegation from China for principal-level meetings in October," the statement said.
Trade talk headline yo-yo will continue.
