News

China's ambassador to the US calls for abolition of tariffs on Chinese goods

Chinese ambassador to the US Qin Gang urges America for early abolition of additional tariffs on the country’s goods.

Additional comments

China is reducing the time needed for approval of travel by US business executives to no more than 10 days

China to make COVID-19 testing more convenient, will allow work during quarantine. 

Market reaction

AUD/USD fails to take advantage of these comments, as it sheds 0.30% on the day amid risk aversion. The spot is trading close to yearly lows of 0.7063.

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