Beijing did respond with their own counter-tariffs but they will only go into effect on 10 February. And with Trump teasing talks with Xi before heading to bed, there's still some hope.
Elsewhere, USD/JPY is still seen up 0.2% to 155.10 but off its earlier high of 155.51 on the session. AUD/USD is also still down 0.3% to 0.6205 but off its earlier low of 0.6170 after the China retaliation headlines hit.
Looking to broader markets, there is still caution to be heeded though. S&P 500 futures are down 0.2% and 10-year Treasury yields are holding the line but only marginally higher today by 1.2 bps to 4.565% at the moment.
This article was written by Justin Low at www.forexlive.com. Read More Details
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