Open Demo Account
Home / Market Update / Forex Market / Biden confirms US intention to compete with China, not seeking conflict

Biden confirms US intention to compete with China, not seeking conflict

Mohamed Abdelhamid 9 February, 2023 3:12 am Forex Market, Market Update

US President Biden confirmed that relations with China have not taken a big hit. “We intend to compete completely with China but we are not seeking conflict, as that has been the case so far,” Biden said during a PBS interview late Wednesday.

Biden’s comments join the recent statements from US Treasury Secretary Janet Yellen to tame the fears emanating from Sino-American ties.

This US trend appears to have put a floor under the riskier AUD/USD pair around 0.6920, following the pair’s reversal from the weekly high the previous day.

Tags

Check Also

Is Gold Price’s Recent Dip a Sign of Trouble or Opportunity?

Gold is down -0.06%, trading at $ 2,937.36 per ounce. Gold prices experienced a slight …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends