Published: 2024-05-23T04:46:35.000Z
AUD/USD flows: Caution from Chinese Military Drills
FX Analyst
2
Chinese State Broadcaster says Chinese military drills are punishment for Taiwan
Australian May Consumer Inflation Expectations at 4.1% y/y
The Chinese military has begun its military drills around Taiwan. Apart from the regular rhetoric, Ministry of National Defense of the People's Republic of China says the drills also serve as a strong punishment for the separatist acts, pointing to Lai Ching-Te's May 20 speech. So far it has only affect the sentiment in regional equities in China and Hong Kong but one must beware of the underlying risk of further escalation of such tension
AUD/USD is trading 0.18% higher at 0.6630 with USD broadly soft on strong U.S. equity performance.