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9 Apr 2025

China’s white paper: Willing to communicate with US on important issues in economy, trade

China released a white paper on US trade and economic relations on Wednesday.

Key takeaways

China will take countermeasures to safeguard rights, interests.
Firmly opposes unilateral, bullying restrictive measures.
Has always believed the essence of China, US economic, trade ties is mutually beneficial and win-win.
It is normal for China and the US to have differences and frictions in economic and trade cooperation.
The US will not solve its own problems by raising tariffs.
China is unwilling to fight a trade war, but the Chinese government will never sit idly by and watch the legitimate rights and interests of the Chinese people be damaged and deprived.
China has a firm will and abundant means, will resolutely counteract and fight to the end.

Market reaction

As of writing, AUD/USD is up 0.62% on the day, trading at 0.6000.

Apr 9, 2025

USD/CHF tumbles below 0.8450 amid risk-off mood, eyes on FOMC Minutes

The USD/CHF pair extends its downside to near 0.8435 during the early European session. The Swiss Franc (CHF) edges higher against the US Dollar (USD) as traders seek refuge from the intensifying market turmoil caused by US President Donald Trump’s sweeping tariffs and fears of a global recession.

EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session

Indian Rupee (INR) crosses trade on the front foot at the beginning of Wednesday, according to FXStreet data.