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- New Australian PM Albanese: Relationship between Australia and China will remain difficult
New Australian PM Albanese: Relationship between Australia and China will remain difficult
Australia’s new Prime Minister Anthony Albanese said on Monday that the relationship between Australia and China will remain difficult.
His comments come during his swearing-in, a few hours before his travel to join a summit with the US, Japanese and Indian leaders, known as the Quad, later this Monday.
Albanese's Labor Party defeated Scott Morrison's conservative government in a general election on Saturday.
Market reaction
AUD/USD preserves most of its early gains, as it keeps its range below 0.7100, up 0.75% on the day.
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