The AUD/USD made an intra-day (and intra-month) low of 0.6832 on July 31st so just about back to the January 2016 and June 2019 lows, before ending the month at 0.6845. AUD began July losing a bit of the gloss that had been painted via optimism towards a Sino-US ‘trade truce’ being agreed at the end of month Osaka G20 meeting and which duly materialised. Yet the agreement to restart talks and for President Trump to desist from further tariff action for the time being, failed to inspire confidence that an early resolution to the trade dispute was likely. The strong US payroll data in early July – dampening hopes ... (full story)