"Our base case scenario is for China and the US to have a trade deal still within the quarter and that has the propensity to lift the AUD via the sentiment channel, as well as reducing expectations for a rate cut by RBA ," said Maybank analysts in a report on Thursday.
China is Australia's single largest export market so anything that might dim the outlook for Chinese trade is taken as a negative for the Aussie.The Australian dollar came under pressure on Thursday as US President Donald Trump kept up a war of words with China over trade, threatening to impose additional tariffs on Chinese goods from Friday.
keep going. keep growing. I love SGD. XD
Great!
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