- China’s Vice Premier Liu and US Treasury Sec Yellen discuss economy, supply chains
Market news
5 July 2022
China’s Vice Premier Liu and US Treasury Sec Yellen discuss economy, supply chains
Chinese Vice Premier Liu He spoke with US Treasury Secretary Janet Yellen via phone early Tuesday, as they discussed the economy and supply chains, China’s Commerce Ministry noted.
Key quotes
Talks were constructive.
The two agreed need to strengthen communication & coordination of macroeconomic policies between China and the US.
Exchange views on economic situation.
Agree stable global supply chain good for China, US.
China expresses concern on US possible tariff rollback.
Paying attention to possible rollback.
Agree to continue communications.
Market reaction
AUD/USD is capitalizing on the above headlines, flirting with daily highs of 0.6880, up 0.20% on the day.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page