AUD/USD backed by optimistic headlines about the US and China meeting - Westpac
|Analysts at Westpac noted that AUD/USD had bounced.
Key Quotes:
"AUD/USD had bounced about 40 pips to 0.7210 in Sydney trade, backed by optimistic headlines about the US and China meeting to discuss a trade deal, plus a rally in the Chinese yuan which kept it away from the much-discussed 7 level versus USD."
"The Aussie then traded near 0.7200 in London and NY, largely sidelined."
"NZD was a bit more impressive, up 0.6% over the day at 0.6750. This saw AUD/NZD slip -0.2% to 1.0665."
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