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President Xi: China and EU should oppose unilateral bullying

Chinese President Xi Jinping said on Tuesday that “China and the European Union (EU) should oppose unilateral bullying.”

Additional comments

  • Ready to work with EU leaders to expand mutual openness, properly handle frictions and differences.
  • Calls for China, EU to safeguard fairness and justice.
  • Stand ready to work with European Council, European commission to deepen strategic communication, enhance understanding and mutual trust.

Gold touches two-week high as safe-haven demand persists

Gold (XAU/USD) sprints higher on Tuesday for a second consecutive day, as geopolitical tensions around the globe continue to support investors’ demand for safe-haven assets.
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AUD/USD: Likely to trade in a range between 0.6420 and 0.6485 – UOB Group

Australian Dollar (AUD) is likely to trade in a range between 0.6420 and 0.6485 vs US Dollar (USD). In the longer run, further AUD strength is not ruled out, but it must first break clearly above 0.6510, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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