Author: Dennis Li
As investors viewed the fresh US and China tariffs on imports as less harsh than initially expected, the overall market risk appetite improved pushing the Aussie up 0.34% to its new month high against the USD while it gave up almost all of Wednesday’s gains overnight against both the EUR and GBP. The risk-on sentiment also sent the world stock markets broadly higher on Thursday with the Dow and S&P reaching new highs.
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