Citing China’s Foreign Minister, Chinese state media reported on Monday that he met with the US ambassador to China in Beijing.

Additional comments

“It is imperative to stabilize Sino-US relations, avoid a downward spiral and prevent accidents between China and the US.”

“US side should correct its understanding of China, return to rationality.“

“US must especially correctly handle the Taiwan issue, stop continuing to hollow out the one-China principle.”

“US must respect China's bottom line and red line, stop harming China's sovereignty, security and development interests.”

Market reaction

AUD/USD is unfazed by the above comments, holding the higher ground near 0.6775, up 0.35% so far.