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AUD/USD Traders Eye FOMC Meeting, US-China Trade News

From dailyfx.com

AUD/USD appears to be stuck in a narrow range following the upbeat US Non-Farm Payrolls (NFP) report, and developments coming out of the world’s largest economy may continue to drag on the exchange rate as the Trump administration struggles to reach a trade deal with China, Australia’s largest trading partner. AUD/USD struggles to extend the rebound from the November low (0.6754)ahead of the Federal Reserve’s last meeting for 2019 as the Trump administration appears to be on track to raise China tariffs on December 15. The ongoing shift in US trade policy may become a growing concern for the Federal Open Market ... (full story)

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  • Category: Technical Analysis