Fuji News Network (FNN) reported on Thursday that US House speaker, Nancy Pelosi, is scheduled to visit Taiwan on Sunday, April 10.

The first visit by a serving US House Speaker since 1997 is likely to annoy Beijing and ramp up US-Sino tensions.

Global Times political editor, Hu Xijin, tweeted out already: “Pelosi is playing with fire, so is the US. There must be serious consequences for her visit."

Market reaction

AUD/USD is meandering to near-daily lows of 0.7474, undermined by the renewed US-China tensions and hawkish Fed minutes-led risk-aversion. The spot is down 0.41% on the day.