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The Australian dollar rockets higher as trade tensions ease again
The Australian dollar is rocketing higher in Asian trade, boosted by signs of a continued thawing in trade tensions between the United States and China. According to the South China Morning Post, Chinese vice-premier Liu He will travel to the United States ahead of the G20 leaders summit in Argentina later this month, sparking optimism that a potential trade deal between the two sides could soon be reached. Two sources, one on either side of the trade negotiations, confirmed the development to the South China Morning Post, although no final schedule has been agreed upon at this stage. The meeting, should it occur, ... (full story)
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