The latest statement released by China cites that the US has "gone too far" on sanctions.
This comes as the world’s second largest economy continues to voice its disappointment over the US sanctioning the Chinese officials over the Hong Kong security law.
On Tuesday, the Foreign Ministry said in a statement that it will take retaliatory measures on the US’ ending the preferential treatment of Hong Kong.
China’s parliament passed the national security law for Hong Kong a day before.
As the risk-of mood intensifies amid coronavirus fears and US-China tensions, AUD/USD turns negative and trades at session lows of 0.6888, down 0.17% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.