Some Chinese exporters are speeding up conversion of their dollar income into yuan on bets the worst of the tariff-led loss in the local currency may be over.

A flight from U.S. financial assets prompted by President Trump’s trade war is subsiding as the White House appears increasingly keen to strike a new trade deal with top U.S. trading partner

Fueled by a volley of comments out of the White House related to trade and monetary policy, stocks have rallied across back-to-back trading sessions. The commander-in-chief has leaned into the immutable “tough on China” stance for several weeks, but falling equities and a weakening dollar may have made him reconsider.