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The  AUD has been quite sensitive to the US-China trade war lately, although the impact is starting to wane, according to analysts at Westpac.  

Key Quotes

“Assuming no fresh bombshells on that front this week, markets are more likely to get inspiration from the RBA minutes and AU jobs data which should be decent. Combining that with the USD’s stall, and we have the backdrop for further consolidation above 0.7400 this week.”