May 23, 2022 - 01:29 PM 314 views
On Monday, Australia’s new Prime Minister, Anthony Albanese, said that the alliance between Australia and China seems to be difficult.
These comments were made during the swearing-in ceremony of Australia’s new Prime Minister, Anthony Albanese, a few hours before his travel to attend a summit with the USA, Japan, and Indian leaders, called the Quad, following this Monday.
In a general election on Saturday, the Albanese labour party defeated Scott Morrison's conservative government.
The Market Reaction
While keeping its level below 0.7100, the AUD/USD currency pair has reserved the majority of its prior gains and is up by 0.75% on the day.