Speaking at an online press conference on Friday, Gao Feng, China’s Commerce Ministry spokesman said that Beijing “hopes that the US can create good conditions for both sides to expand trade cooperation” when asked about the latest in the implementation of the Phase 1 trade deal.

“China and the US trade teams are maintaining normal communication,” Gao added.

Market reaction

Amid risk-on market profile, the AUID/USD pair is finding some support from these comments, as it rises 0.28% on the day to trade at 0.7231, as of writing.