AFP, WASHINGTONUS Secretary of the Treasury Steven Mnuchin on Thursday said he had no doubt that Washington and Beijing would sign a new partial trade agreement next month, marking a truce after nearly two years of conflict. “I’m very confident,” Mnuchin told CNBC. However, Mnuchin said that this time, Washington and Beijing were on the same page. He has urged the US Federal Reserve cut interest rates to zero to weaken the greenback. “Agreement of the phase one deal between the US and China has removed quite a lot of the uncertainties in the outlook for 2020,” AxiTrader senior market analyst Stephen Innes said.

Source: Taipei Times December 20, 2019 15:56 UTC