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Australia reaches an agreement with China to settle dispute over barley

Dhwani Mehta FXStreet

Australia's Foreign Minister Penny Wong said on Tuesday, "We reached an agreement with China to settle the dispute over Australian barley.”

“China agreed to review the duties levied on Australian barley,” Wong added.

Market reaction

With Australia announcing suspension of its World Trade Organization (WTO) dispute against China on barley, AUD/USD is picking up fresh bids toward 0.6700. The pair is trading at 0.6667, up 0.44% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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Australia reaches an agreement with China to settle dispute over barley

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