China's Foreign Ministry says they are prepared to work for an improvement in relations with the US
Context
The statement from China's Foreign Ministry signals a potential thaw in US-China relations, which may have significant implications for global markets. Improved relations could ease trade tensions, influencing risk sentiment positively across equities and commodities, while also impacting the USD's strength against other currencies, especially in relation to safe-haven assets. Traders should watch for market reactions in Asian and European sessions as the news develops.
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