On Thursday, May 24 the markets remain dominated by the developments regarding the trade negotiations between the United States and China. Despite earlier assurances by Treasury Secretary Steven Mnuchin that the talk are going well, President Trump cast doubt on the prospects of reaching an agreement. This has left the markets vulnerable to risks associated with a potential trade war.
The trade issue with China was also reflected in the Federal Reserve meeting minutes published yesterday. The Fed expressed a concern for the economy due to the risks. Nevertheless, investors still found grounds to hope for another interest rate increase in the report.
The Japanese yen and other safe-haven trading instruments are currently enjoying investor interest.
