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    China’s Commerce Ministry: US made 'false accusations' in report on WTO compliance

    Fonte Fxstreet
    26/02/2024 02:09

    China’s Commerce Ministry said on Monday, "the US falsely claims that China has created 'overcapacity', which fully reflects the US side's unilateralism and hegemonic behavior."

    US side ignores 'great achievements' made by China in fulfilling its World Trade Organization (WTO) commitments, denies important contribution made by China to multilateral trading system and world economy,” the Ministry responded to the US report about China's WTO accession.

    Separately, China’s authorities said that the Fujian Coast Guard is boosting patrols in waters near Taiwan’s Kinmen islands "to strengthen law enforcement inspections in key areas, effectively maintain the order of operations in the relevant sea areas, and effectively safeguard the safety of fishermen's lives and property."

    Market reaction

    At the time of writing, AUD/USD is losing ground to trade near 0.6550, down 0.08% on the day.

    Australian Dollar price today

    The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the weakest against the Japanese Yen.

      USD EUR GBP CAD AUD JPY NZD CHF
    USD   0.05% 0.09% 0.06% 0.16% -0.03% 0.31% 0.07%
    EUR -0.04%   0.04% 0.02% 0.12% -0.07% 0.27% 0.02%
    GBP -0.09% -0.04%   -0.02% 0.07% -0.11% 0.23% -0.02%
    CAD -0.05% -0.02% 0.01%   0.11% -0.09% 0.25% 0.00%
    AUD -0.17% -0.12% -0.07% -0.10%   -0.18% 0.15% -0.10%
    JPY 0.03% 0.07% 0.15% 0.09% 0.17%   0.33% 0.08%
    NZD -0.30% -0.27% -0.22% -0.25% -0.15% -0.33%   -0.25%
    CHF -0.06% -0.02% 0.03% 0.01% 0.11% -0.09% 0.26%  

    The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).

     

    Isenção de responsabilidade: Apenas para fins informativos. O desempenho passado não é indicativo de resultados futuros.
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    ECB’s Lagarde: The fight against inflation is not overEuropean Central Bank’s President Christine Lagarde speaks in Washington, DC.
    Fonte  Fxstreet
    European Central Bank’s President Christine Lagarde speaks in Washington, DC.
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    UK GDP on track to surprise BoE to upside in Q1 – TD SecuritiesAnalysts at TD Securities assess the latest Gross Domestic Product (GDP) data from the UK.
    Fonte  Fxstreet
    Analysts at TD Securities assess the latest Gross Domestic Product (GDP) data from the UK.
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    Japan's Suzuki will not rule out any steps to respond to excessive FX movesJapanese Finance Minister Shunichi Suzuki offered some verbal intervention on Thursday.
    Fonte  Fxstreet
    Japanese Finance Minister Shunichi Suzuki offered some verbal intervention on Thursday.
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