According to Reuters, US Secretary of State Antony Blinken met with Chinese Vice President Han Zheng on the sidelines of the United Nations General Assembly on Monday, the latest in a series of discussions aimed at reducing tensions between the world's two biggest economies.

The US State Department stated that the discussion was "a candid and constructive discussion." The two agreed to keep communication channels open and discussed Russia's invasion of Ukraine, North Korea, and the Taiwan Strait, according to the department.

Blinken added "The world expects us to responsibly manage our relationship and the US is committed to doing just that,"

Market reaction

This headline had little to no impact on the Australian Dollar’s performance against its rivals. At the press time, AUD/USD is adding 0.11% on the day to trade at 0.6444.