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China likely considering disaster-related clause in phase one trade deal over coronavirus outbreak – Global Times

China’s highly-influential news outlet, Global Times, is out with an opinion piece after China’s State Council announced that it plans to cut added tariffs on US imports by half from Feb. 14.

Key Quotes:

China likely considering disaster-related clause in phase one trade deal with the US over coronavirus outbreak.

China decision on disaster clause in phase 1 trade deal with the US unlikely until full assessment at end-Q1.

US Dollar Index climbs to 2020 highs above 98.30

The buying interest around the greenback remains well and sound in the second half of the week and is lifting the US Dollar Index (DXY) to the 98.30/3
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EUR/USD: The 1.0980/90 band is now exposed – UOB

FX Strategists at UOB Group noted EUR/USD could attempt a move to levels below the 1.10 mark in the near-term. Key Quotes 24-hour view: “Expectation f
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