-
AUD/USD Breakout Unravels as China Responds to Trump Tweet
The recent breakout in AUD/USD unravels amid doubts surrounding the US-China trade negotiations, and the exchange rate may continue to give back the advance from the start of the month as it carves a fresh series of lower highs and lows. AUD/USD Breakout Unravels as China Responds to Trump Tweet AUD/USD continues to pullback from the monthly-high (0.6811) as China’s Foreign Ministry spokesperson,Geng Shuang, provides further details regarding “phase one” of the trade deal and states “Chinese companies independently purchased US agricultural products following market principles and based on domestic demand.” The ... (full story)