China’s Commerce Ministry: US-Sino maintaining normal communication on Phase One trade deal

Speaking at an online press conference on Thursday, Gao Feng, China’s Commerce Ministry spokesman reiterated that both teams are maintaining normal communication on US-China Phase One trade deal.

Late December, Gao said that Beijing “hopes that the US can create good conditions for both sides to expand trade cooperation” when asked about the latest in the implementation of the Phase One trade deal.

USD/CNH risks a drop to 6.3500 – UOB

USD/CNH looks poised to extend the downside to the 6.3500 level in the next weeks, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “Yester
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AUD/USD climbs to near two-month high, beyond 100-DMA/0.7300 mark amid weaker USD

The USD witnessed some selling during the early European session and pushed the AUD/USD pair to a near two-month high, further beyond the 0.7300 mark
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