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Thomson Reuters
Aug 01 - 07:24 AM
AUD/USD - Weighed Down By US-China Trade Dispute
First appeared on eFXplus on Aug 01 - 06:00 AM
  • AUD continues to suffer on the back of US-China trade dispute
  • Trump to propose 25 pct tariff on $200bln of Chinese imports - source
  • See: nL1N1US02F. China vows retaliation if tariff imposed nL4N1US3HZ
  • One of the roles of the AUD is to be a liquid proxy for China sentiment
  • SSEC closed down 1.8 pct today. 0.7401 = AUD/USD low during European am
  • 0.7441 was Tuesday's high after report on US-China trade talks nL1N1UR0SF

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