United States (US) President Donald Trump said during the European trading session that China has agreed to continue the flow of rare earth, critical minerals, and magnets openly and freely.
Cyclical sensitive currencies are outperforming while global equity markets are rallying on encouraging trade developments, BBH FX analysts report.
Dow Jones futures rise 0.16% to trade near 47,000 during European hours, ahead of the opening of the regular United States (US) session on Friday. The S&P 500 futures rise 0.26% to trade near 6,800, while Nasdaq 100 futures surge 0.41% to move above 25,350 at the time of writing.