The US Treasury Department said late Monday, US Treasury Secretary Janet Yellen will hold her first face-to-face meeting with Chinese Vice Premier Liu He on January 18 in Zurich, per Bloomberg.

The pair “will exchange views on macroeconomic developments and other economic issues.”

China’s Commerce Ministry said that “trade teams have maintained sound communication.” 

Meanwhile, Politico reported earlier on, citing Washington-based diplomats familiar with the travel plans, US Secretary of State Antony Blinken will meet in Beijing with his counterpart, Chinese Foreign Minister Qin Gang, on February 5-6.

Market reaction

At the press time, AUD/USD is trading modestly flat at around 0.6960, fading the Chinese data-led spike to 0.6978.