China's ambassador to Australia - up to firms to decide if to import Australian coal

Earlier, some optimism:

• China’s ambassador to Australia says relationship reset, constructive

More specifically now, on the coal question, re this from last week:

Chinese authorities are said to be considering a partial end to the Australian coal ban

China reportedly places first order for Australian coal since unofficial ban in 2020

Ambassador Xiao today said:

• buying and selling of coal is a business
• it’s up to firms in Australia and China to “make their own decisions”

AUD update, back to around the lows seen overnight, in a tight sort of range for the session. Traders are awaiting Powell speaking Tuesday:

• Markets aren't sure what to expect from Powell on Tuesday