What you need to know on Wednesday, August 14:
With signs of detente between US-China relations, we are seeing a positive climate. Beijing looks forward to trade talks with the US in September. The Chinese have also raised the yuan reference rate.
US Trade Representative Lighthizer shocked the market on Tuesday by announcing the positive news of postponing tariffs from September to December.
The world's second-largest economy has suffered. China's industrial output grew only 4.8%, the slowest growth in a decade. Retail sales also fell below expectations.
The Hong Kong airport has reopened, but clashes between police and protesters have raised concerns in the US and added to trade tensions.
Germany's economic forecast for the second quarter fell 0.1%. Concerns about the recession remain.
British wages rose 3.7% while unemployment rose 3.9%. The market focus is on today's inflation report.
The USD/JPY pair as well as commodity currencies are gaining interest.
Oil has stabilized at higher levels.
Cryptocurrencies have fallen.