Forex news from the European trading session – 17 August 2020
Headlines:
Markets:
– JPY leads, NZD lags on the day
– European equities little changed; E-minis up 0.3%

Comments by US commerce secretary, Wilbur Ross
– US and China talks are continuing at various levels
– Looking to close loopholes to prevent Huawei from getting access to US technology
This just further cements the likely narrative that anything that may be discussed at the trade review will keep this facade up despite China not living up

This comes after the PBOC injected liquidity into the system earlier today
The move helped to bolster Chinese equities, with the Shanghai Composite ending the day 2.3% higher to start the new week.

Bloomberg with the headline, citing OPEC on the matter
Just a heads up to the meeting later this week, in case we hear of how the compliance issue is going or any possible plans for future production cuts and what not.

But don’t expect much before Friday
The usual round of negotiations will start off with tomorrow’s dinner, before getting into more serious talks on Wednesday and Thursday. Both sides will wrap things up on Friday before we are likely to hear from Barnier and Frost once again via their respective pressers.