China’s Foreign Ministry: If Pelosi visits Taiwan, it will severely impact relations

Dhwani Mehta FXStreet

China’s Foreign Ministry said in a statement on Thursday that it opposes all forms of official interactions between the US and Taiwan.

“If Pelosi visits Taiwan, it will severely impact relations,” the Ministry noted.

This comes after FNN reported earlier that US House speaker, Nancy Pelosi, is scheduled to visit Taiwan on Sunday, April 10.

Read: US House speaker Pelosi, is to visit Taiwan on Sunday

Market reaction

AUD/USD is testing lows near 0.7475, down 0.49% on the day. The renewed upside in the US dollar and broad risk-aversion continue to weigh down on the aussie.

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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