On US Commerce Secretary Gina Raimondo's visit to China, the Chinese Commerce Ministry said in a statement on Thursday, “China will state its stance on economic and trade matters of concern.”

“We will push financial institutions to expand credit to businesses,” the Ministry said.

China’s Commerce Ministry also called on the US to cancel potential arms sales to Taiwan.

Market reaction

AUD/USD fails to find any inspiration from the above headlines, currently trading at 0.6450, down 0.39% on the day.