OctaFX | OctaFX Forex Broker
Open trading account
Back

US-China phase one trade deal still carries three risks - FT

The latest editorial piece published by the Financial Times Thursday highlights the concerns that business have with the phase one trade deal signed by the US and China on Wednesday.

Key Quotes:

“Left billions of dollars of US tariffs on Chinese goods in place.

Doubts about whether the truce will stick.

A desire for US officials to complete the work by extracting further structural concessions from Beijing.

The risk of a new escalation in tariffs and tension in the near term - and possibly even until after the November 2020 presidential election - is lower.

There is still broad concern in corporate America that the truce is fragile and limited.

If the Trump administration believes that China is not living up to its commitments, it could quickly and unilaterally move to impose new tariffs on Chinese goods, leading to a new escalation.”

  • USD/CNY extends downside towards 38.2% Fib target on trade-deal finally signed and delivered
  • AUD/USD Price Analysis: 21-day SMA, Wednesday’s Doji question the buyers

USD/CNY extends downside towards 38.2% Fib target on trade-deal finally signed and delivered

USD/CNY is currently trading at 6.8825 around the lows for the Asian session so far, consolidating above the 6.8658 post-phase-one deal signing fresh
Read more Previous

NZD/USD rises to 10-day MA, tracks New Zealand 10-year yield

NZD/USD is extending a recovery from one-month lows reached Wednesday, as New Zealand's 10-year bond yield is flashing green. The currency pair is cur
Read more Next
Start livechat