China’s new Foreign Minister, Qin Gang, is delivering his first briefing, noting that “we resolutely oppose all forms of hegemony, cold war mentality.”

Additional comments

“We resolutely defend national sovereignty and security.”

“We oppose decoupling and unilateral sanctions.”

Amidst the briefing, all eyes remain on his take on the US-Sino ties.

Market reaction

AUD/USD is extending its renewed upside toward 0.6750, adding 0.28% on the day. Traders are awaiting the Reserve Bank of Australia’s policy announcement for fresh cues.