Cancellation of the APEC summit in Chile is not a big obstacle for China and the US to sign a trade deal - GT

The Global Times has tweeted that the cancellation of the APEC summit in Chile is not a big obstacle for China and the US to sign a trade deal as long as they reach one, according to Mei Xinyu, an expert affiliated with the Chinese Commerce Ministry”.

• If China and the US were to sign an interim trade deal, as they appear to do so, and top leaders of the two countries were to meet for a signing ceremony, it would be in a neutral third-party country: Mei Xinyu

FX implications: 

Neutral/Bullish for risk and supportive of AUD ... more to come