AUD took a hit lower on China suspending its Strategic economic dialogue with Australia

Author: Eamonn Sheridan | Category: News

Australia has been calling out China on its human rights abuses. 

China has taken a petty revenge today with:
The Australian dollar took an immediate hit lower, China is a huge export destination for Australia's iron ore:
Australia has been calling out China on its human rights abuses. 

As a bit of an explanation, the Strategic economic dialogue with China is aimed at strengthening Australia's economic and trade relationship with Chin:
  • growing trade and investment with China
  • opportunities for Australian and Chinese businesses to cooperate
  • further increasing trade and investment with China will drive economic growth in both countires
China's NDRC (the CCP state planner) has thrown this away for political recrimination reasons. 




Invest in yourself. See our forex education hub.
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose