Lloyd Austin and China’s new defense minister reaffirmed the plan as part of an effort by both sides to prevent frictions in Asia from shattering a fragile rapprochement.
The dollar traded roughly in the middle of this week’s range as investors await U.S. core PCE inflation data for April for further clues on when interest rates could be cut.
The People’s Bank of China will sell Treasury bonds when necessary, the Financial News has reported, stoking fresh discussion about whether the central bank should trade Treasury bonds on the secondary market as a way to manage liquidity.
