Markets are waiting to see if there is any further fallout between China and the U.S. on their trade talks. China announced that it hopes to “meet the U.S. halfway” on trade issues, the foreign ministry spokesperson said on Thursday. The statement came after China said it will have to take the necessary counter-measures to President Donald Trump’s latest tariffs threat.
Gibraltar has decided to free the Iranian oil tanker Grace 1, detained off the British overseas territory six weeks ago by Royal Marines, paving the way for a possible swap for a British-flagged tanker seized by Iran in the Gulf. The two tankers have become pawns in the standoff between Iran and the West, their fate tangled up in the diplomatic differences between the EU’s big powers and the United States.
The Canadian dollar is a little softer to the USD, oil prices fell slightly on China’s comments, leaving analysts in a wait and see scenario.