Australian Trade Minister Tehan: Trade deal with the UK has been agreed

Dhwani Mehta FXStreet

Australia's Minister for Trade Dan Tehan announced on Tuesday, a trade agreement with the UK has been reached after talks between the nations’ prime ministers.

"Both prime ministers have held a positive meeting in London overnight and have resolved outstanding issues in relation to the (Free Trade Agreement}," Tehan said.

Separately, Australia's biggest exporting state, Western Australia, Premier Mark McGowan urged Canberra to stop antagonizing China, calling for a reset of ties between both the trading partners at the country’s biggest oil and gas industry conference.

Market reaction

AUD/USD is uninspired by the trade deal agreement, keeping its range trade around 0.7710, almost unchanged on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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