Dollar keeps lower awaiting details on US-China trade talks in London | Forexlive

Traders are keenly awaiting details on US-China trade talks in London today but so far there is no word on when exactly it will happen.

The two sides are no doubt scrambling to sort out an agenda, with market players definitely eyeing discussions about rare earth supplies. China is even seen offering a gesture of goodwill here. So, that will at least help to ease some of the tensions before the two sides meet later in the day.

That being said, it is still doubtful that we will see any material progress. There were nice words exchanged in Geneva but not much real headway after. And I would expect the same to be seen this time around as well.

Sure, there might be some gestures of amity to be expected after. But a proper trade deal and one that will see both sides honour it? Still a pipedream more than anything else if you’d ask me.