Speculation is growing that the Trump administration might intervene in global currency markets to push down the value of the dollar as part of his fight with China over allegedly unfair trade practices. But the consequence could be an erosion of the dollar's status as the world's reserve currency, which is at the heart of investors' willingness to buy U.S. Treasury bonds.
China is there. The U.S. is here. How does the Yuan devaluation impact your stocks? Watch the video above to find out.
Wei Jianguo, a former vice-minister of commerce, says the meeting is likely to happen as planned. Video conferences are planned to lay the groundwork for the next round of face-to-face talks.
Here's the one catalyst that investors need to pay close attention to.
China has fiddled plenty with the yuan, but has let it strengthen significantly since 2005; the U.S. has brought current weakness in the Chinese currency on itself.
The Chinese government has now demonstrated an ability to control the S&P 500, even at the risk of Chinese domestic capital flight.