EncoreFX’s daily market updates are written by our experienced and professional dealing team.
Author: Dennis Li
Over the weekend we saw the AUD jump by 1.2%, breaking through 0.7300 against the USD following Trump’s Friday comment that he may not impose more tariffs on Chinese goods. However, the opposite stance on the US-China trade dispute from US Vice President Pence at an Asia Pacific Economic Co-operation (APEC) summit has cast a shadow over the meeting between Trump and Xi at the G20 summit in Argentina by the end of this month.
With a relatively quiet data week ahead, besides the RBA minutes to be released tomorrow investors will also need to keep close eyes on the development of the Sino-US trade friction before the G20 summit next week.
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