Commodity currencies climb as Xi and Trump hold a phone call ...Middle East

So far, we haven't heard from Trump, who is likely to be the first person to send a message when it's over. Keep an eye on Truth Social.

I fear we could get a 'sell-the-fact' trade on the readout. The market has been rallying on the Trump-Xi call since Monday and particularly since Tuesday after it was confirmed that diplomats spoke.

Of course, if we get a true climb-down on trade from both sides and the seeds of an actual deal then there is immense room to the upside for risk assets.

This article was written by Adam Button at www.forexlive.com.

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