- White House: China ties with Russia too limited to compensate for sanctions
Market news
24 February 2022
White House: China ties with Russia too limited to compensate for sanctions
Early Friday morning in Asia, Reuters conveyed the White House statements.
The news initially said that US President Joe Biden has been working with speech writers, policy team to finalize the State Of The Union (SOTU) address.
“China ties with Russia too limited to compensate for sanctions,” adds the White House (WH) afterward.
The WH also said, “(WH) Believes Putin has grander ambitions than Ukraine.”
FX implications
The news joins the slew of geopolitical updates suggesting further noise on the geopolitical front, which in turn can weigh on the risk barometer pairs like AUD/USD.
Read: AUD/USD fades corrective pullback below 0.7200 on Russia-Ukraine crisis
Market Focus
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