US/China expressed a willingness to maintain communication

In another positive news related to the US-China trade relation, China's vice-premier Liu He and US Treasury Secretary Janet Yellen agree China-US economic ties are very important.

The two nations have expressed a willingness to maintain communication.

Yellen said that t she stressed to the Chinese official the importance of "frankly tackling issues of concern."

Secretary Yellen discussed the Biden-Harris administration's plans to support a continued strong economy.

''Recovery and the importance of cooperating on areas that are in US interests, while at the same time frankly tackling issues of concern," the department said in a statement.

There has been little reaction in the market as traders await the Aussie Gross Domestic Product data at the top of the hour. 

AUD/USD is solid and better bid ahead of the event trading 0.2% higher to 0.7766 at the time of writing.