Beijing is urged to delay the additional purchases of US products as part of the phase one of the trade deal due to the impact of the coronavirus outbreak on the economy, South China Morning Post reported on Monday. “If possible, China should bring forward the request to postpone the implementation of purchase plan in an appropriate manner,” Xu Qiyuan said, a researcher at the China Finance 40 Forum, a group of state economists. “Chinese demand for American machinery, electrical equipment and energy needs to be delayed as domestic production has not yet been fully resumed.” Market reaction Markets largely ignored this headline and the USD/JPY pair continues to trade in the positive territory below the 110 mark, suggesting the risk sentiment stays positive on Monday. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD to resume its slump FX Street 2 years Beijing is urged to delay the additional purchases of US products as part of the phase one of the trade deal due to the impact of the coronavirus outbreak on the economy, South China Morning Post reported on Monday. “If possible, China should bring forward the request to postpone the implementation of purchase plan in an appropriate manner,” Xu Qiyuan said, a researcher at the China Finance 40 Forum, a group of state economists. "Chinese demand for American machinery, electrical equipment and energy needs to be delayed as domestic production has not yet been fully resumed.” Market reaction Markets largely… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
