Watch for US-China thaw to give risk appetite a boost – Scotiabank

The bank expects a trade deal to be reached between China and the US

Qi: "The seven mark will remain a resistance for USD/CNY this year, in our view"

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The prospect of high-level talks between the US and China has injected optimism among currency market participants, as a meeting between the countries’ two leaders could end the trade standoff and so lift investors' risk appetite.

All eyes are on US president Donald Trump and his People’s Republic of China counterpart Xi Jinping, as their negotiators work to hammer out the outline of a palatable deal that the

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