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Most US equity indices traded sideways in anticipation of
the Xi-Trump. Key topics on the agenda for the talk over these two days
include China’s huge trade deficit with the US as well as security issues
stemming from North Korea’s nuclear ambitions. The dialogue will be
watched for their tone rather than any concrete deals. USDAsians are on
the way higher, underpinned by the sluggish EUR as well as potential
positioning for CNH weakness that could resurface after the Xi-Trump
meeting.
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