US President Trump tells Chinese President Xi that they've had a fantastic relationship and they are going to have a fantastic future together, while he adds that he has such respect for China and tells everybody Xi is a great leader

Trump's remarks suggest a potential thaw in tensions between the US and China, which could positively influence risk sentiment across markets. A more favorable trade relationship might strengthen the USD while boding well for equities connected to Chinese trade. However, the actual materialization of these promises remains to be seen, and market reactions will depend on subsequent actions rather than rhetoric.