We hope US to take ‘concrete’ actions to create favorable environment – Crypto News – Crypto News
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China braces for a slowdown that could be even worse than 2020 - Bloomberg survey China braces for a slowdown that could be even worse than 2020 - Bloomberg survey

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We hope US to take ‘concrete’ actions to create favorable environment – Crypto News

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“We hope US to take ‘concrete’ actions to create favorable environment for healthy development of economic, trade ties between China and US,” said China Finance Ministry early Friday per Reuters.

Comments from China’s Finance Ministry become more important considering US Treasury Secretary Janet Yellen’s presence in Beijing to address “unfair practices” termed by the Biden administration per Reuters.

It’s worth noting that the recent tit-for-tat trade war between the US and China contributes to the market’s risk-off mood and underpins the US Dollar’s safe-haven demand.

However, cautious sentiment ahead of the all-important US employment report for June limits the markets’ reaction to the news.

AUD/USD struggles above 0.6600

With this, the AUD/USD pair remains sidelined around 0.6630 while snapping a two-day losing streak by the press time.

Also read: AUD/USD sticks to modest gains around 0.6630, upside seems limited ahead of US NFP

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