China government mentioned that it has spotted an unidentified object flying over the waters near northern port city Qingdao, after Pentagon shot down an alleged Chinese unidentified object. The authorities also mentioned that they’re ready to shoot it down.

The ‘object’ story gained momentum after Pentagon shot down an object during the weekend by saying that it appeared to have traveled near US military sites and posed not just a threat to civilian aviation but also as a potential tool for surveillance.

“It was the fourth unidentified flying object to be shot down over North America by a U.S. missile in a little more than a week,” said Reuters.

The news also adds, “On President Joe Biden's order, a U.S. F-16 fighter shot down the object at 2:42 p.m. local time over Lake Huron on the U.S.-Canada border, Pentagon spokesperson Patrick Ryder said in an official statement.”

Also read: Chinese spy-baloon (s) updates

FX implications

The news appears exerting downside pressure on the risk-barometer AUD/USD prices, down 0.12% near 0.6910 by the press time.

Also read: AUD/USD Price Analysis: Key support in play with eyes on 0.6900/50 for the opening range