The apparent progress that is coming in the US/China trade talks is helping to drive more elevated levels of risk, but also is now beginning to weigh on the US dollar. Donald Trump’s speech on Friday confirmed that there is a good chance that the deadline of the 1st March for the trade negotiations could now be extended. This would at least delay the imposition of tariff hikes, but markets are taking it that the deadline extension would be due to a high likelihood of an agreement being reached. Signals from both side suggested that talks went well in Beijing last week and will continue over in Washington in the ... (full story)