The China/US Summit is dominating world markets overnight. Trump has taken many top US executives with him, hinting it will be a trade dominated conference, at the highest level. This is a huge meeting of the two superpowers in world trade so there will be outcomes. There will be Geo-Political discussions, with a possible outline for peace in the Middle East, evolving. Political turmoil remains in the UK, causing volatility in the bond and currency markets. The US Dollar gained ground, with the EUR slipping below 1.1700, while the GBP may well surrender 1.3400.
The rising reserve hit the commodity currencies, with the NZD falling below 0.5920, while the AUD drifted to 0.7220. All eyes are focused on China and the summit.
