According to Reuters, US Senate Majority Leader Chuck Schumer expects to lead a bipartisan congressional delegation to China, Japan, and South Korea shortly, an aide to Schumer said on Tuesday.

The China trip would be high-profile for Schumer, a Democrat who has consistently encouraged the US to take a tougher stance against China and would follow trips by several Biden administration officials, including Commerce Secretary Gina Raimondo in August. Republican Mike Crapo is the lead Republican on the trip, according to his office.

Market reaction

Market sentiment remains unchanged following the news. The US Dollar Index (DXY) is trading around 104.52, down 0.04% on the day. 

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