Chinese President Xi Jinping crossed wires, via Xinhua reported by Reuters, during the weekend. The dragon leader shrugged off risks from external catalysts while citing economic strength. Key quotes The basic characteristics of China’s economy with sufficient potential, great resilience, strong vitality, large space for manoeuvre and many policy instruments have not changed. We must seek our development in a more unstable and uncertain world. China has strong manufacturing capacity, very large domestic markets and huge investment potentials, Xi said. Xi reaffirmed a “dual circulation” strategy that would help steer the economy towards greater self-reliance, as U.S. hostility and a global pandemic increase external risks. The great rejuvenation of the Chinese nation can never be achieved easily with the beating of gongs and drums. FX implications The news seems to have played the role in helping AUD/USD to regain 0.7300 at the week’s start. However, broad challenges to risk catalysts seem to weigh on the risk-on mood. Read: AUD/USD: Challenges to risk probe the bulls attacking 0.7300 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Japan’s Defence Ministry eyes record $51.6bn in spending under Suga – Nikkei FX Street 1 year Chinese President Xi Jinping crossed wires, via Xinhua reported by Reuters, during the weekend. The dragon leader shrugged off risks from external catalysts while citing economic strength. Key quotes The basic characteristics of China’s economy with sufficient potential, great resilience, strong vitality, large space for manoeuvre and many policy instruments have not changed. We must seek our development in a more unstable and uncertain world. China has strong manufacturing capacity, very large domestic markets and huge investment potentials, Xi said. Xi reaffirmed a “dual circulation” strategy that would help steer the economy towards greater self-reliance, as U.S. hostility and a… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
