• China’s Vice Premier Liu and US Treasury Sec Yellen discuss economy, supply chains

Noticias del mercado

5 julio 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.

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