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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.

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

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Context

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.

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