From the FT: 28 mins ago – 1.00PMAussie tumbles as China halts economic dialogue with AustraliaWilliam McInnesThe National Development and Reform Commission (NDRC) of the People’s Republic of China has halted activities under the China-Australia economic dialogue, sparking a sell-off in the Australian dollar.“Recently, based on the Cold War mentality and ideological prejudice, certain people in the Australian federal government have launched a series of measures to disrupt normal exchanges and cooperation between the two countries,” the NDRC said in a statement.“Based on the current attitude of the Australian Federal Government towards China-Australia cooperation, the National Development and Reform Commission has decided to suspend indefinitely all activities under the China-Australia Strategic Economic Dialogue mechanism jointly led by the National Development and Reform Commission and relevant departments of the Australian Federal Government from now on.”The Aussie dollar is down 0.4 per cent to US77.16¢ after earlier trading as high as US77.58¢.The equity market is remaining stable.
PEK Price at posting:
8.1¢ Sentiment: Hold Disclosure: Held
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