China’s Vice Commerce Minister: Foreign trade faces uncertainties and huge pressure

China's Vice Commerce Minister said in a statement on Wednesday, the country’s foreign trade stabilization faces uncertainties and huge pressure hit by domestic and external factors.

When asked about slowing trade growth, he said that “Chinese importers and exporters are under pressure due to logistics problems and soaring raw material prices.”

Ex-RBA Governor Macfarlane: Interest rates could rise sharply in order to fight inflation

Former Reserve Bank of Australia (RBA) Governor Ian Macfarlane warned over persistently high inflation and the need to sharply hike rates, in a speech
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AUD/USD retreats towards 0.7200 despite ex-RBA Governor’s hawkish expectations

AUD/USD remains mildly offers around 0.7220-25 as bears jostle with the buyers amid mixed sentiment and cautious mood ahead of the week’s key data/eve
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