China's Commerce Minister says China and the US are to maintain close communication at all levels through trade and economic consultation mechanisms

China's Commerce Minister says China and the US are to maintain close communication at all levels through trade and economic consultation mechanisms.

The statement from China's Commerce Minister signifies a commitment to ongoing dialogue between China and the US, which may ease tensions in trade relations. This could bolster market sentiment, particularly in risk-sensitive assets and the currencies of both nations. Traders should watch for potential impacts on the USD and other major currencies, as improved relations may influence currency flows and stability.