TD Securities: US/China inching closer to a cease fire?

TD Securities research team suggest that for the markets, trade discussions between US and China has continued to feature prominently.

Key Quotes

“It seems the US/China have inched closer to a cease fire, which has boosted some of the high-beta currencies (CNH betas).”

“AUD stabilized after this week's net losses on the headlines that China bans coal imports from Australia (although coal to China pales in comparison with iron ore).”