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The US and Chinese trade teams have held "constructive" discussions in Washington, the official Xinhua news agency reported on Saturday.

The United States and China agreed to continue understanding on related issues and discussed details of the next round of trade talks in October, Xinhua said. However, the news details were not provided by the Chinese news outlet.

This comes despite reports issued last night that the Chinese agriculture delegation canceled the US agricultural visit to Montana and returned to China sooner than expected.

The headlines above caused risk sentiment to weaken in the last US session, leading stocks to halt in tandem with Treasury yields. The USD / JPY lost nearly 40 pips to close the week near a four-day low of 107.53.

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