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Chinese Vice Commerce Minister: Tariffs by certain countries are a threat to the world economy

With the G20 now the main event around the corner,  Chinese Vice Commerce Minister  has been crossing the wires:

  • G20 will have candid and constructive discussions.
  • The global economy is facing severe challenges.  
  • Tariffs by certain countries are a threat to the world economy.

AUD/USD trades as a proxy to the trade war noise, benefitting on prospects of progress towards a solution. On the flipside,  dwindling chances of a deal  will weigh on the Aussie.  

  • AUD/USD Analysis: upside limited but short-term gains possible  

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