Breaking News: Trump, Merkel agreed on more talks over US-EU trade barriers - Bloomberg

The news is crossing the wires via Bloomberg that the US President Trump and German Chancellor Merkel have agreed on more talks over the US-European Union trade barriers. 

Trump's conciliatory approach will likely strengthen the bid tone around the risk assets and most major currencies except the USD, CHF, and JPY. 

 

PBOC set the Yuan reference rate at 6.8052

The People's Bank of China (PBOC) set the yuan reference rate at 6.8052 vs. Monday's fix of 6.8508.
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USD/JPY: Bid above 50-day MA, JPY call value at 2.5-week low

The USD/JPY is flashing green at 111.27, having defended the 50-day moving average (MA) earlier today. The anti-risk JPY is on the defensive as the U
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