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Responding to the Chinese media speculation, the Aussie Prime Minister Scott Morrison said that he does not accept that Beijing has imposed a ban on Australia’s coal imports.

Key quotes

“Until we are in a position to have that clarified, then we can only treat [the news]as media speculation in the Chinese state-owned media,”

“It would be obviously in breach of our own free trade agreement [with China]and so we would hope that is certainly not the case.”

“That is why we’re seeking clarification on this … but obviously we take these issues very seriously.”

Earlier today, Australia’s Trade Minister Simon Birmingham noted: “We have seen a pattern of disruption in relation to Australian coal.”

China-state-owned media reported that the power stations have been not to buy Australian coal.

Market reaction

The upside attempts in the AUD/USD likely remains capped amid the Aussie-China spat and mixed Chinese activity numbers.

The spot was last seen trading at 0.7530, down 0.09% on the day.