After US President Joe Biden called on democracies to coordinate their approach to China last Friday, the China’s Foreign Ministry said the United States and Europe should work together with them to uphold multilateralism.
The Chinese Foreign Ministry has also urged Washington to lift sanctions and stop interfering in the internal affairs of the country.
Market reaction
With risk sentiment taking a hit in the European morning, the AUD/USD it is correcting further from the three-year highs of 0.7908.
The pair last traded at 0.7866, modestly flat on the day, as investors absorb the latest headlines between the United States and China.
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