“US military would defend Taiwan in the event of an invasion by China,” American President Joe Biden said in an interview on US TV.

Additional comments

“We are going to get control of inflation.”

“I am more optimistic than I have been in a long time.”

“Ukraine is not losing the war, is making gains in certain areas.”

“US forces would defend Taiwan in the event of a Chinese invasion.”

Market reaction

AUD/USD was last seen trading at 0.6707, down 0.16% on a daily basis.