China’s Wang: Both sides had 'rational' and 'pragmatic' discussions

Dhwani Mehta FXStreet

Following talks with US Senators on Tuesday, China's Commerce Minister, Wang Wentao, said that “both sides had rational and pragmatic discussions.”

Additional quotes

US-China economic and trade relationship is very important to the two countries.

China will not avoid competition but that should be fair and based on international rules.

Hopes the US will accurately define security boundaries.

China hopes US to specify the boundaries of security accurately and avoid politicizing and generalizing security issues.

Market reaction

On the above comments, AUD/USD is keeping its upside momentum intact near 0.6425, adding 0.23% on the day.

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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