US Treasury Sec. Made good progress on technical details with China

US Treasury Secretary Scott Bessent said on Monday, the US has “made good progress on technical details with China.”

Additional quotes

Trump has great respect for Xi.

Chinese counterparts have an ‘aggressive ask'.

Meanwhile, US Trade Representative Jamieson Greer noted, “we are close to resolving the TikTok issue with China.”

“We want to maintain a good relationship with our Chinese counterparts,” Greer added.

Sep 15, 2025

EUR/GBP falls below 0.8650 on fears over France’s political crisis

The EUR/GBP cross attracts some sellers to near 0.8645 during the early European session on Monday. The fears of political turmoil in France drag the Euro (EUR) lower against the Pound Sterling (GBP). Traders will keep an eye on the UK employment report, which is due later on Tuesday.

ECB’s Kocher: Stronger Euro could become a problem for exporters

In an interview published in the Austrian newspaper, Oberoesterreichische Nachrichten, on Monday, European Central Bank (ECB) Governing Council member Martin Kocher said that "at the moment, I would not yet describe the exchange rate as a risk" when asked about the Euro-US Dollar rate.