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US Treasury Sec. Mnuchin: Had very productive discussion on Tuesday evening with Chinese officials

U.S. Treasury Secretary Steven Mnuchin is now crossing the wires saying that he had a very productive discussion yesterday evening with Chinese officials.

Key quotes (via Reuters)

  • Trump wants to make sure that U.S. has 'right deal' with China.
  • Won't have arbitrary deadline for reaching an agreement with China.
  • U.S., China have agreed to establish enforcement offices, have agreed on enforcement mechanism.
  • Declines to comment on whether tariffs on Chinese goods will come off as part of a deal.
  • EU tariff threats are specific to Airbus subsidies case.
  • U.S. is 'bright spot' of economic growth, tariff issues not responsible for slowing global growth.

GBP/USD: Perched bid on 1.31 handle leading into FOMC minutes (Eyes on EU Summit for Brexit developments)

GBP/USD is perky leading into the FOMCminutes today (top of the hour), up 0.52% on the day so far. However, the price action in the pound is more to d
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Gold hits highest since late March at $1310 ahead of Fed’s minutes

Gold extends gains and continues to move to the upside. The rally that started last week from levels near $1280 reached a new high and remains intact.
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