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In an interview with Fox Business Network,  White House economic adviser Larry Kudlow said that they wouldn’t need the approval of the Congress if they were to reach a trade deal with China. “China’s recent moves in commodities have been very positive,” Kudlow added.

These comments failed to help market sentiment recover and the 10-year United States (US) Treasury bond yield was last down 3.3% on a daily basis at 1.682%. Meanwhile, the US Dollar Index was virtually unchanged on the day at 99.03.