Amidst reports that the weekend meeting between China’s Director of the Office of the Central Foreign Affairs Commission Wang Yi and US Secretary of State Antony Blinken in Germany was not very encouraging, there are chatters doing the rounds that the US and Taiwan may sign a bilateral trade agreement earlier than expected this year.

There is no official statement about the same.

Over the weekend, Blinken said the US has information that China is considering sending weapons to Russia for the war in Ukraine.

Market reaction

The market remains on tenterhooks but AUD/USD shows resilience by trading 0.17% higher on the day at 0.6890, as of writing.