{"id":100990,"date":"2020-06-09T13:30:06","date_gmt":"2020-06-09T17:30:06","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=100990"},"modified":"2020-06-09T13:30:06","modified_gmt":"2020-06-09T17:30:06","slug":"103379-gbp-aud-a12-billion-in-china-student-fees-at-risk-over-coronavirus-feud","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103379-gbp-aud-a12-billion-in-china-student-fees-at-risk-over-coronavirus-feud\/","title":{"rendered":"GBP\/AUD: A$12 billion in China student fees at risk over coronavirus feud"},"content":{"rendered":"<p>The British pound is higher against the Australian dollar on Tuesday.<\/p>\n<ul>\n<li><strong>China warns students against study in Australia, cites racist attacks<\/strong><\/li>\n<li><strong>AUD\/USD reached 11-month peak then fell below 0.70<\/strong><\/li>\n<li><strong>WHO Backtracks on \u201cvery rare\u201d asymptomatic transmission comment<\/strong><\/li>\n<li><strong>The pound-Aussie exchange rate is +0.71% this week<\/strong><\/li>\n<\/ul>\n<p>GBP\/AUD was up by 188 pips (+1.02%) to 1.8306 as of 4pm GMT.<\/p>\n<p>Having stabilised above 1.831, the currency pair rallied nearly 200 pips to 1.83 for the first time since last Wednesday. Yesterday the exchange rate fell -0.27%<\/p>\n<h2>GBP: Sterling capitalises as WHO walks back guidance<\/h2>\n<p>The Mood in global currency markets softened on Tuesday after a big rally in global-growth-friendly currencies like the Aussie dollar and the euro. Haven currencies like the yen were preferred<\/p>\n<p>Global markets have been pushing higher on the idea of the United States as well as other parts of the world reopening the economy following lockdown orders.<\/p>\n<p>Some of the reason for the optimism on Monday that saw the S&amp;P 500 index reverse its yearly loss was the idea put forward by the World health Organisation that asymptomatic transmission was \u201cvery rate\u201d according to the experience of countries using contact tracing. On Wednesday, the WHO said it regretted that language and said asymptomatic transmission could be as high as 40% &#8211; increasing the risk that a second wave flattens reopening hopes.<\/p>\n<h2>AUD: China warns students not to study in Australia<\/h2>\n<p>T o date, the Australian dollar has brushed off the hardening rhetoric from China, including the threat of additional tariffs on Australian exports. However, with the Aussie reaching 11-month peaks today and topping 0.70 versus the US dollar, some profit taking kicked in.<\/p>\n<p>The source was a warning from China\u2019s education ministry urging students going overseas to reconsider choosing Australia, citing racist incidents targeting Asians during the pandemic. Fees generated by overseas students from China attending Australian universities are worth 12 billion Australian dollars per year.<\/p>\n<p>The Australian dollar participated in a global pullback in risky assets before tomorrow\u2019s Federal Reserve interest rate decision.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The British pound is higher against the Australian dollar on Tuesday. China warns students against study in Australia, cites racist attacks AUD\/USD reached 11-month peak then fell below 0.70 WHO Backtracks on \u201cvery rare\u201d asymptomatic transmission comment The pound-Aussie exchange rate is +0.71% this week GBP\/AUD was up by 188 pips (+1.02%) to 1.8306 as [&hellip;]<\/p>\n","protected":false},"author":163946608,"featured_media":3089,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1379],"tags":[2077,2850,1860,1391,2496],"class_list":{"0":"post-100990","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-aud","8":"category-gbp","9":"tag-australia","10":"tag-china-students","11":"tag-gbp-aud","12":"tag-pound","13":"tag-who"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/AUD: A$12 billion in China student fees at risk over coronavirus feud - 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