Yi Gang, the governor of the People’s Bank of China, has said in a press conference on Sunday that the U.S. and China are close to establishing a currency deal, which could fuel trade talks and alleviate pressure on the Dow Jones. “Both sides have reached consensus on many crucial and important issues,” the governor said, alluding that a comprehensive trade deal is imminent. Earlier this week, Terry Branstad, the U.S. envoy to Beijing, confirmed to the WSJ that the trade deal has not been finalized just yet. The statement of the U.S. envoy led the Chinese stock market to
The post Breaking: Dow Bloodbath Could End as US-China Reach ‘Consensus’ on Crucial Trade Deal appeared first on CCN
Read the original post: Breaking: Dow Bloodbath Could End as US-China Reach ‘Consensus’ on Crucial Trade Deal
