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Exchange Rates 15.02.2019 analysis

The two-day US-China trade negotiations have ended, but further terms of cooperation have not been agreed upon. Nevertheless, both sides noted that there is still some progress on a number of important issues.

According to the latest data, the United States and the PRC decided to sign a general agreement in the form of a protocol of intent, which would later become the basis for a future trade transaction. Negotiations will continue next week in Washington.

The composition of the delegations is expected to remain unchanged, and China will continue to be represented by Vice Premier Liu He. From the US side, there will be US Trade Representative Robert Lighthizer and Finance Minister Steven Mnuchin.

Performed by T Strelkova,
Analytical expert
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