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The United States (US) President Donald Trump recently crossed wires while highlighting the trade deal with China. President Trump keeps insisting that the deal has got to be good. The speech seems to be the repetition of his recent appearance.

Key quotes

Holding up deal with China.

It has got to be good.

FX implications

Considering the recent increase in the number of headlines suggesting progress on the US-China trade deal, markets seem to wait for a big move to portray any noticeable reaction. Meanwhile, the risk tone stays upbeat with the S&P 500 flashing nearly 0.30% gains to 3,143 by the press time of early Asian morning on Wednesday.