China's MOFCOM says they are to enhance communications with the US on trade

China's Ministry of Commerce (MOFCOM) signaling an intent to enhance trade communication with the U.S. suggests a potential thaw in economic tensions. This could favorably impact risk sentiment, potentially supporting the USD against major currencies like the EUR and JPY, although market reactions will depend on subsequent developments and specifics. Overall, it may indicate a more cooperative trade environment, which could ease some existing pressures in global markets.