China’s Pres. Xi: Willing to offer support to US for coronavirus control

Dhwani Mehta FXStreet

China’s state media reports comments from President Xi Jinping, delivered in a telephonic conversation with US President Donald Trump earlier this Friday.

Key quotes

China has been open and transparent about virus epidemic.

China-US cooperation is the only correct choice.

Hopes US takes substantive actions to improve relations between both countries.

China willing to offer support to US for virus control.

China willing to enhance macroeconomic policy coordination to stabilize market and secure growth.

US Pres. Trump: Discussed in great detail the CoronaVirus with China’s Pres. Xi

AUD/USD reaction

The Aussie pair picked up fresh bids on Xi’s comments and revisited the nine-day high of 0.6127. The spot now trades at 0.6101, still up 0.67% on a daily basis.

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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