AUD/USD retraces the decline from earlier this week as US President Donald Trump tweets that Friday will be a “big day of negotiations with China,” but little indications of an imminent trade deal is likely to drag on the exchange rate as it puts pressure on the Reserve Bank of Australia (RBA) to further embark on its rate easing cycle. AUD/USD bounces back from a fresh weekly-low (0.6710) as President Trump insists that the first round of negotiations went “very well,” and hopes of a looming trade deal may fuel the recent rebound in the Australian Dollar as the Commander in Chief plans to meet China Vice Premier Liu ... (full story)