AUD/USD backed by optimistic headlines about the US and China meeting - Westpac

Ross J Burland FXStreet

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."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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