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. 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 US Sen Majority Leader McConnell: Time for GOP, Democrats to find consensus on Covid relief aid FX Street 2 years 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… Regulated 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.
