Chinese Premier Wen Jiabao says that solving currency and trade disputes need consultation on an equal basis.

China is sending a high-level representative to the US this week to try and cool growing trade tensions.

The Strategic Dialogue talks in May will be very important for addressing these problems, he says. China will increase imports from the US, Wen says.

The relatively civil tone of the comments as compared to the harsher tone stuck by officials on both sides recently is is helping give the market a bit of comfort.

EUR/USD is drifting higher as risk aversion eases slightly.