Speaking at an online press conference on Thursday, Gao Feng, China’s Commerce Ministry spokesman reiterated that both teams are maintaining normal communication on US-China Phase One trade deal.

Late December, Gao said that Beijing “hopes that the US can create good conditions for both sides to expand trade cooperation” when asked about the latest in the implementation of the Phase One trade deal.

Market reaction

AUD/USD is trading at 0.7305, up 0.30% on the day, sitting at the highest level in two months.