Bloomberg Q: What's your reaction this morning to China's retaliatory tariffs overnight?
Wright: "Oh, I think you can see we're right in the midst of a negotiation. This is home territory for president Trump. Both in his business career and his first term as president, he reads the market place, he engages with people, he uses leverage and we're going to get to a great result. We're in the midst of it right now but I'm quite optimistic about where we're going."
Just be wary that the wires are cutting all of that short to "the start of a negotiation". But it's important to get a full context in times like these, when words like "negotiation" can have the potential to move markets. From his tone, I would say he seems to be suggesting that they are sort of dancing right now. But you can analyse that as much as you want on Bloomberg TV here to get a sense of things.
That is not to say that a deal isn't coming though. China didn't blink today and so the game of chicken continues. As the bond market pain continues, will Trump or the Fed blink before the weekend?
This article was written by Justin Low at www.forexlive.com. Read More Details
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