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 US President Trump said that a trade deal with China is coming along great.

  • Trump says he hopes  to sign a China deal at the Chile APEC summit.
  • Trump says that China is purchasing agri-products.

Meanwhile, USTR Lighthizer said that the  US target is to have Phase One Trade Deal with China by the time of Chile APEC Summit  

  • Some issues left to resolve.
  • China is purchasing agricultural products now.
  • China sent statement saying they expect a deal.

FX implications:

More to come