According to Bloomberg
This comes after Trump spoke to Xi on the phone overnight as they are set to meet in Argentina at the G-20 Summit. The headline here is giving an added boost to risk as yen pairs are surging higher. USD/JPY is now making fresh highs of 112.90 on the day.
There's been good rhetoric surrounding a trade resolution between US and China since yesterday and this is very much the cherry on top of that. Although I reckon this could all still be a ruse ahead of the midterms next week, but we'll see.
These were the headlines from overnight:
- Trump said he just had a very good conversation with Xi
- Pres. Trump says China's Xi wants to make a fair trade deal
Regardless, this will no doubt give a lift to equities and stocks and that is exactly what Trump wants ahead of next week's elections.
