According to Sean Callow, Research Analyst at Westpac, the Aussie has absorbed the latest wave of US tariffs on Chinese imports and China’s angry retaliation, with the war of words continuing as President Trump said maybe he was not friends with President Xi any more. Key Quotes “Despite all this, AUD is middle of the G10 pack over the week, flat vs USD. It may be that the trade war risk premium on AUD is being trimmed.” “Australia’s export price basket is holding near 6 month highs, underpinning AUD fair value – see chart. AUD/USD should have another go at closing above the 50dma, currently at 0.7294. A test of the 100dma at 0.7387 however would probably require a broad USD fall.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD gathers traction near 1.1720, German CPI on sight FX Street 4 years According to Sean Callow, Research Analyst at Westpac, the Aussie has absorbed the latest wave of US tariffs on Chinese imports and China's angry retaliation, with the war of words continuing as President Trump said maybe he was not friends with President Xi any more. Key Quotes "Despite all this, AUD is middle of the G10 pack over the week, flat vs USD. It may be that the trade war risk premium on AUD is being trimmed." "Australia's export price basket is holding near 6 month highs, underpinning AUD fair value - see chart. AUD/USD should have another go at… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
