China’s Commerce Ministry: Vice-Premier Liu, US Treasury Sec Yellen discussed bilateral and global cooperation

Dhwani Mehta FXStreet

China's Commerce Ministry said in a statement on Tuesday, the country’s Vice Premier Liu He spoke with US Treasury Secretary Janet Yellen on October 26.

Key quotes

Discussion centred on the economy, and both bilateral and global cooperation.

US and China having coordination on policy are important.

Will strengthen coordination on macroeconomic policies.

China also expressed its concerns over US tariffs and the fair treatment of Chinese companies.

Market reaction

Amidst US-China talks, AUD/USD is paring back gains, as it slips back below 0.7500. At the time of writing, the aussie is trading at 0.7497, up 0.09% on the day.

USD/CNH prints four-day downtrend near $6.3800 on Sino-American, PBOC news

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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