In a piece of welcome news, China’s Commerce Ministry announced on Friday that the country will lift the anti-dumping and anti-subsidy tariff on barley imports from Australia, effective August 5.
No further details are provided about the same.
Market reaction
AUD/USD receives a fresh boost from the above headlines, now regaining the upside traction toward 0.6600. The pair is trading at 0.6575, up 0.37% so far.
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