“China is willing to deepen financial cooperation with other countries,” People’s Bank of China (PBOC) Governor Pan Gongsheng told the annual gathering of the Boao Forum for Asia on Wednesday.

Further comments

Asian countries should push forward reforms at the International Monetary Fund (IMF)

Bilateral currency swaps help enhance financial safety nets.

Market reaction

AUD/USD is currently trading close to intraday lows of 0.6511, down 0.17% on the day.