Sources: China said to plan more US pork imports amid trade talks - Bloomberg

Dhwani Mehta FXStreet

Bloomberg quotes people familiar with the discussions, as saying that China plans to buy about 300,000 tons of pork from the US this year as part of its commitment to ramp up the US agricultural purchases amid ongoing trade negotiations between the two countries.

The fresh headlines, citing some progress on the US-China trade front could offer extra legs to the ongoing Aussie bounce that could drive the rates closer to the 0.7150 barrier.

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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