US Treasury Secretary Yellen had a 'frank and productive' discussion with China's ambassador
|“Treasury Secretary Janet Yellen had a 'frank and productive' discussion today with China's Ambassador,” said the US Treasury Department late Monday, early Tuesday in Asia, per Reuters.
The news also mentioned that US Treasury Secretary Yellen raised issues of concern while also conveying importance of the two countries working together.
Market implications
The news allows market sentiment to improve and underpin the risk-barometer AUD/USD pair’s run-up near 0.6680, up 0.08% intraday by the press time. It’s worth noting, however, that the cautious mood ahead of the Reserve Bank of Australia (RBA) Interest Rate Decision joins the US Independence Day holiday to limit the Aussie pair’s latest moves.
Also read: Reserve Bank of Australia Preview: A close call, with AUD/USD vulnerable
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.