Australia charges two Chinese nationals with foreign interference
Australia's decision to charge two Chinese nationals with foreign interference could escalate tensions between Australia and China, impacting diplomatic relations.
[MARKET ANALYSIS] Asia-Pac stocks trade higher but with upside capped after weak handover from US and as NFP looms, while participants also digest earnings and mixed Chinese inflation in holiday-thinned conditions
[MARKET ANALYSIS] DXY softens amid gains in major counterparts as JPY continues to strengthen post-election and with AUD outperforming on hawkish RBA rhetoric
Australia charges two Chinese nationals with foreign interference
[MARKET ANALYSIS] T-note futures take a breather after climbing on soft data, while upside is capped overnight amid the closure of cash treasuries trade and ahead of NFP
[MARKET UPDATE] AUD/USD (+0.5%) extends on gains after reclaiming the 0.71 handle for the first time in 3 years, while the tailwinds also follow comments from RBA's Hauser that inflation is too high, which they can't let persist and will do what is needed
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This situation may heighten market volatility, particularly in sectors sensitive to geopolitical risks, such as commodities and financials. Traders should remain vigilant as any backlash could lead to broader market ramifications, including moves in local currencies and risk assets.
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