Wednesday started with subdued trading on forex, as most currency pairs remain within tight ranges. It is expected that later today the US and China will sign the Phase One trade deal; a momentous occasion but by no means the end of the dispute between the two trading powers, which is expected to continue albeit in a less aggressive way. Nevertheless, it is a highly anticipated occasion and it appears that no one wants to blink and miss it, which perhaps explains the relative quietness of the currency markets during the early part of today’s trading session.
