Log in to today's North American session Market wrap for September 19Today’s story was one of cautious optimism for global trade, as both Washington and Beijing struck a more constructive tone. Canada also reopened its trade dialogue with the US, another sign that tariff-heavy relations could see small steps toward easing. The US Dollar raging back higher is also one of the themes of today's session and will have to be tracked closely looking forward, as a potential double bottom could now be coming in play. Overall, these flows keep coming at the cost of US treasuries which are the denominator (and getting sold off aggressively amid a not-so-dovish FED). An interesting term that could be in play is reflation – I invite you to look this term up which corresponds well to the current flows.