Australian Prime Minister Albanese spoke on Friday evening (local time) in a TV interview.

Albanese had previously called for China to remove trade sanctions that target the country, he repeated the same on Friday evening. He says failure to drop the sanctions would mean a "problematic relationship" with China.

Remarks:

  • Well, China already, there have been some improvements, but it's a long way to go.
  • I said that before the election - regardless of the outcome - China has sanctions against Australia that should be removed.
  • They're damaging the Australian economy and jobs, but they're causing damage to the Chinese economy.

AUD update, daily candles. At the margin, if China removed the sanctions targeting Australia it'd be a positive input for the AUD.

aud daily chart 25 July 2022