Published at 05:03 (GMT) 20 Aug
Sydney Morning Herald: Clive Palmer's live television tirade could prove the last straw for worsening Australia-China relations, a Chinese state-owned newspaper has claimed, in an editorial that also calls for the country to impose sanctions against the Palmer United Party leader's businesses, and bar him from entering the country.
"China must let those prancing provocateurs know how much of a price they pay when they deliberately rile us," The Global Times said, in an editorial published in both its Chinese and English editions on Wednesday.
News.au.com: CLIVE Palmer has released a statement on his comments over those Chinese "mongrels", backtracking and almost apologising for the offence he caused almost 48-hours earlier. In the statement, Mr Palmer reiterated the point that his comments on ABC's Q & A program were "not directed at the Chinese community".
On FX, focus on the above, eye any impact on China-Australia relations and also the key trade relations. Australia government officials have also condemned the comments as well. AUD/USD at 0.9291-95, offers at 0.9310-20, bids at 0.9280-90, stoploss below 0.9275/0.9250.
AUD/JPY at 95.80-85, off the near 3-week highs. Offers at 96.00-10, bids at 95.40-50, stops below. Eye any reaction from China. USD/CNY at 6.1465. WL
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