- Analytics
- News and Tools
- Market News
- US President Biden: We intend to compete completely with China but not seeking conflict
US President Biden: We intend to compete completely with China but not seeking conflict
“We intend to compete completely with China but we are not seeking conflict, as that has been the case so far,” said US President Joe Biden during a PBS interview late Wednesday.
US President Biden also confirmed that relations with China have not taken a big hit.
Market sentiment improves a bit
Comments from US President Biden join the recent statements from US Treasury Secretary Janet Yellen to tame the fears emanating from Sino-American ties. The same appears to have put a floor under the risk barometer AUD/USD pair around 0.6920, following the pair’s reversal from the weekly high the previous day.
Also read: AUD/USD declines towards 0.6900 as Fed policymakers sound hawkish on rate guidance
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
