Forexlive
Low expectations set for Trump - Xi meeting as trade truce set to be extended
With both sides signalling modest ambitions, markets are unlikely to see a major trade breakthrough from this week's meeting, reducing the odds of a sharp risk on move tied to US-China relations specifically. The expected extension of the Busan trade truce, due to expire in November, removes a near term tail risk of renewed triple digit tariffs and disrupted rare earths access, both of which weighed heavily on bilateral trade last year.
CAD
Source: Finnhub
