A comment from the Chinese trade minister sent JPY to the bottom, and AUD and NZD to new peaks. The Economy Minister said China has the confidence and the ability to achieve its goals this year. "There is no winner in the trade war, and if the United States continues to lead unilateral protectionism it will hurt not only China, but itself," Zhong Shan said.
China remains of the opinion that cooperation remains the only right choice in terms of trade.
The important thing that traders are accumulating at the moment is that China remains well-meaning to the US, despite the successive tariffs it will have to deal with.
Source: FxLive
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