AUD has technically created a base, around 0.70 level on the back of Trump announcing his willingness to cut a deal with China after the G20 summit by the end of November. This could be the beginning of the end to the trade war story. This would bode very well for the Australian dollar as risk-on flows would pick up. China is actively stimulating its own economy via liquidity injection and infrastructure spending. Which prompts increased raw material imports from Australia and thus aids the economy and AUD. Australian Dollar has been trading much lower than Australian commodity price index....
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