Wednesday, April 11, 2018

FW: [Maybank] Xi-Trump Bromance Lifts Risk Sentiments

 

 

Xi-Trump Bromance Lifts Risk Sentiments

Global Markets Daily
by Saktiandi Supaat

FX Research

USDCNH found further relief yesterday on conciliatory moves by both Xi and Trump to ease trade tensions. President Xi in his keynote address to the Boao Forum did not ratcheted up tensions but instead pledged to cut vehicle import tariffs, ease foreign equity restrictions in the car industry, open shipping, aviation, financial sectors for more foreign investment, strengthen property-right protection, oppose monopolies, and use dialogue to resolve disputes. In turn, Trump praised his ...

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