The US sees China as a growing strategic threat

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US National Security Adviser Jake Sullivan said on Thursday that “the US sees China as a growing strategic threat.”

Sullivan added: “The US, South Korea, And Japan are working on new sanctions against North Korea.”

Market reaction

AUD/USD is unfazed by the above comments, holding higher ground above 0.6800, up 0.31% on the day. The Aussie pair await China’s Manufacturing PMI data for fresh trading impetus, as bulls cheer Chinese reopening optimism.