US President Trump and Chinese President Xi are poised to extend trade truce by up to a year during April meeting in Beijing, according to SCMP citing people familiar with discussions

US President Trump and Chinese President Xi are poised to extend trade truce by up to a year during April meeting in Beijing, according to SCMP citing people familiar with discussions.

The potential one-year extension of the trade truce between the US and China suggests a continued easing of trade tensions, which could stabilize global market sentiment. This is crucial as it may bolster risk assets and strengthen the USD while providing a supportive backdrop for equities across major indices. Observers should monitor how this influences commodity prices, particularly in energy and metals, as well as overall currency flows between the USD and its peers.