U.S. and Chinese deputy trade negotiators were due to meet in Washington for a second day of talks on Tuesday, laying the groundwork for the first minister-level meetings in over two months later this week.
A report from the South China Morning Post said China had tamped down expectations ahead of the talks scheduled for Thursday with Chinese Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, saying the Chinese delegation could leave earlier than planned because “there’s not too much optimism.”
The mood soured this week after the U.S. Commerce Department widened its trade blacklist to include 20 Chinese public security bureaus and eight companies including video surveillance firm Hikvision, as well as leaders in facial recognition technology SenseTime Group Ltd and Megvii Technology Ltd.
Oil prices fell on this news, while the Canadian dollar weaken in sympathy, both oil and the Cad have been trading of these negotiations, and will likely stay that way for some time.
Currently Close Range
USDCAD 1.3330 1.3309 1.3288-1.3337
EURCAD 1.4601 1.4601 1.4586-1.4647
GBPCAD 1.6276 1.6361 1.6237-1.6364