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10 Jul 2023

US Treasury Sec. Yellen: Discussions were were “direct” and “productive” with Chinese officials

Following 10 hours of bilateral meetings with senior Chinese officials on Saturday, US Treasury Secretary anet Yellen said that discussions were “direct” and “productive”, which will stabilize the rocky US=Sino relationship.

Key quotes

“The U.S. and China have significant disagreements.”

China’s “unfair economic practices” and recent punitive actions against US firms.

“But President (Joe) Biden and I do not see the relationship between the US and China through the frame of great power conflict. We believe that the world is big enough for both of our countries to thrive.”

“I do think we’ve made some progress and I think we can have a healthy economic relationship that benefits both of us and the world.”

AUD/USD kicks off the week on the front foot near 0.6700, China’s inflation eyed

Jul 10, 2023

AUD/USD kicks off the week on the front foot near 0.6700, China’s inflation eyed

AUD/USD is seeing a positive start to the key United States Consumer Price Index (CPI) week, as Aussie bulls cheer Friday’s sharp sell-off in the US D

ECB’s Centeno sees inflation under 3% by the year-end

In a speech over the weekend, European Central Bank (ECB) Governing Council member and Bank of Portugal Governor, Mario Centeno, said that he expects