US President Trump says him and China President Xi have a good relationship; doing a lot of business with China, will talk about Iran with Xi, Xi has been very nice about Iran, has been very respectful and not been challenged

President Trump's comments on his relationship with President Xi and business dealings highlight a potential easing in tensions between the US and China, particularly regarding energy and Iran. This could positively impact risk sentiment and affect commodity prices, especially oil, as improved relations may lead to increased energy cooperation. Watch for movements in the USD, commodities, and equities as market participants digest the implications of these diplomatic overtures.