US Treasury Secretary Yellen Holds Talks with Chinese Officials

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Following a meeting between US Treasury Secretary Janet Yellen and China’s Finance Minister Lan Fo’an, the US Treasury Department released a statement indicating that discussions centered around the macroeconomic outlook and financial developments in both the US and China.

While no further details have been disclosed regarding the meeting, Yellen is slated to meet with People’s Bank of China (PBOC) Governor Pan Gongsheng on Monday in Beijing.

Market Reaction:

The AUD/USD pair displayed minimal reaction to the meeting, registering a modest decline of 0.12% to trade at 0.6572 at the time of the press.