China’s Foreign Ministry: Will take necessary countermeasures to foreign interference

Dhwani Mehta FXStreet

China’s Foreign Ministry came out with a statement on Wednesday, reiterating that they will take necessary countermeasures to foreign interference.

The Ministry added that the Hong Kong legislation purely is China's internal affair.

These comments come after the US and European Union (EU) announced plans to respond to China’s dominance on Hong Kong’s civic liberties.

US President Donald Trump said Tuesday, he would make an announcement about the administration’s response to China’s actions by the end of this week.

Meanwhile, the European Union (EU) Foreign Affairs Minister Josep Borrell said that the Union is considering weighing a 'robust' message to China over the Hong Kong issue.

AUD/USD reaction

AUD/USD remains depressed so far this Wednesday, ranging around 0.6650 levels, having shrugged-off the upbeat Australian and Chinese macro releases.

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.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD trims losses and returns to the 1.1750 area

The US Dollar resumed its decline in the American afternoon, helping EUR/USD trim early losses. The pair trades around 1.1750 as market participants gear up for the European Central Bank monetary policy decision and the United States Consumer Price Index.