China, U.S. Said to Be Working on Trade MOU

The transcript discusses the potential positive impact of a market deal on global growth, particularly in China, and its influence on risk assets. It highlights the uncertainty affecting corporate investment decisions and the current risk-on environment. The discussion also covers the potential effects on currencies, especially the dollar, and how Asian currencies might appreciate, attracting inflows into Asian asset classes.

What are the implications of a 'risk on' environment for investors as discussed in the text?

What is the significance of the dollar's performance in relation to Asian asset classes?