Asia FX - analysts weigh in on US-China trade negotiations

Author: Eamonn Sheridan | Category: News

A few views about on where to and when for these ongoing US-China talks.

Via Reuters:

SocGen say:
  • "Judging from Trump's comments, an agreement will have to wait at least until the weekend," 
Weekend? We should be so lucky … 

Further:
  • "I think markets are betting that a likely compromise will be to continue to negotiate on tariffs. If that turns out to be the case, we could see buy-on-rumour-sell-on-fact type of selling in the dollar/yen"
MUFG comments:
  • "The market is believing that the December tariffs won't be activated" 
---
The optimism continues. Markets have been disappointed again and again by US-China developments. I wonder how they'll go this time. Maybe its different. 

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