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US Treasury Sec. Bessent: We are going into negotiations with China to prevent escalation again

US Treasury Secretary Scott Bessent said on Thursday, “we are going into a series of negotiations with China to prevent escalation again.”

Bessent further noted that “we now have a mechanism with China counterparts.”

NZD/USD remains stronger near 0.5900 as US Dollar struggles ahead of key economic data

The New Zealand Dollar is drawing support as trade tensions between the US and China show tentative signs of easing.
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Forex Today: US Dollar under pressure ahead of key US data, Powell speech

Here is what you need to know on Thursday, May 15:
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