Bloomberg reports

Says that negotiators from both sides are working line-by-line through the text of an agreement that can be put before Trump and Xi to defuse the current trade war. It is said that meetings in Beijing yesterday and today were partly to ensure that there were no discrepancies in the English and Chinese versions of the text.

The developments here should be an added positive for risk sentiment and will continue to keep the aussie and kiwi underpinned as we begin the session.