Major currencies marked time on Monday as traders looked to whether Washington a...
TOKYO/SINGAPORE - Major currencies marked time on Monday as traders looked to whether Washington and Beijing can soon sign off on a deal to end a trade war that has been a drag on global economic growth.
FILE PHOTO: U.S. dollars and other world currencies lie in a charity receptacle at Pearson international airport in Toronto, Ontario, Canada June 13, 2018. REUTERS/Chris Helgren Faint optimism for a breakthrough was supported by a report on Sunday from Chinese state news wire Xinhua, which said the two sides had “constructive talks” over the weekend.
“It all sounds promising,” said Marshall Gittler Chief Strategist at FX analysis firm ACLS Global. “But China has made rolling back some of the tariffs a precondition for the agreement and it’s not clear whether Trump will agree to that...so net-net, it’s still up in the air.”
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