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President Donald Trump has stated that the “United States wants an open and constructive relationship with China but achieving that relationship requires us to vigorously defend our national interests. The Chinese government has continually violated its promises to US and many other nations.”

Market implications

The CHF is taking up the bid this week, outpacing its rival the yen and comments such as this will only go towards supporting safe havens more so. 

  • USD/CHF bearish trend gathers pace, energised on hard fundamentals