The Kiwi fell below the .6300 level overnight with markets remaining skeptical as trade talks get underway.
Markets Remain Cautious Ahead of Trade Talks
US and Chinese trade negotiators began a new round of talks on Monday ahead of high-level trade talks that begin on Thursday. Senior Chinese officials have indicated a range of topics they’re willing to discuss has narrowed considerably with Vice Premier Liu He, stating he would bring an offer that won’t include commitments on Chinese industrial policy or government subsidy reforms.
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Later in the week, meeting minutes from the Fed and ECB will be keenly watched for further clues on the monetary policy path.
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