Headline crossing on China/US
A headline is crossing the wires saying that China, US are struggling to set September meeting for trade talks. I am not too surprised about that development.
The USDJPY has dipped on the news and trades down to test its 100 and 200 hour moving averages at the 106.21 level. The EURUSD as moved higher. The USDCHF has moved lower. There is some "risk on" flows off the headline (it seems).
