EUR/USD Hits New Yearly High as China/EU Announce Bilateral Investment Deal

EUR/USD Hits New Yearly High as China/EU Announce Bilateral Investment Deal
2020-12-30 15:30:00
Izaac Brook,
EUR/USD Talking Points:
Deal Paves Way for Increased Investment and Trade Between China and the EU
Completion of Deal Raises Questions Over China/EU/US Relations
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China/EU Announce Agreement Over Terms of Joint Investment Deal
Chinese President Xi Jinping and European Commission President von der Leyen announced agreement to the terms of the Comprehensive Agreement on Investments (CAI) this morning. The CAI will provide a uniform framework for trade and investment between China and the EU, replacing the bilateral agreements between China and individual EU member states.

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