China military simulates strikes on Taiwan, US “watching closely”
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US-China tension escalates after Taiwan President Tsai Ing-wen returned from a brief visit to the United States.
“China’s military simulated precision strikes against Taiwan in a second day of drills around the island on Sunday, with the island’s defense ministry reporting multiple air force sorties and that it was monitoring China’s missile forces,” reported Reuters.
The news should weigh on risk appetite and the AUD/USD prices amid a likely dull day due to the Easter Monday holiday in multiple markets. That said, the Aussie pair remains pressured around a two-week low, at 0.6665 by the press time of early Monday morning in Asia.
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