The reports say that Bessent

  • will travel to Swizertland on May 8
  • will meet with the Swiss President
  • while there he will meet with 'the lead representative on economic matters from China'
  • ie to meet with China Vice Premier He Lifeng

The USD is gaining on this.

US equity index futures reopened for evening trade on Globex just a few minutes ago (at 6pm US Eastern time) and have risen on this news. '

es futures bessent china meeting 07 May 2025 2
Source: Forex Live