“The Asian giant is ready to work to enhance exchanges and cooperation across the board,” per China President Xi Jinping, said Reuters quoting a letter read by Qin Gang, Chinese ambassador to the US.

“China stands ready to work with the United States to properly manage differences,” adds China’s Xi per Reuters.

FX implications

Early in Asia news over the next week’s virtual meeting between the leaders of the US and China crossed wires. However, the reflation fears join sentiment-negative headlines concerning Beijing-based real-estate firmer to weigh on the mood of late.

That said, S&P 500 Futures decline 0.40% whereas the US 10-year Treasury yields consolidate the previous day’s losses around the six-week low near 1.46%.

Read: US Treasury yields rebound from six-week low but no mercy for S&P 500 Futures