China’s CommerceMin: Trade teams from both US and China are in touch

Fresh comments are hitting the wires from the Chinese Commerce Ministry on trade talks, with key headlines noted below.

Will release more information on talks when they have them.

Will release 'unreliable entity' list in due time.

Existing tariffs will have to be removed to reach a trade deal

The Aussie continues to consolidate around 0.7030 region while USD/JPY remains capped by the 108 handle.