In an attempt to repair the diplomatic relationship, US President Joe Biden and his Chinese counterpart Xi Jinping are likely to agree on the reopening of the consulates closed last year, Bloomberg reports, citing a story carried by Politico.

‘The two leaders, who are planning a virtual summit in the near future, are also likely to announce an easing of visa restrictions, Politico cited some sources with the knowledge of the matter.

Market reaction

At the time of writing, the US dollar index is holding steady around 94.35, within close proximity of the three-week tops of 94.47 reached in the US last session. The spot awaits the US NFP data for fresh trading impetus.