US Dollar Index climbs to 98.50 area on Tuesday. Renewed trade optimism helps AUD stay resilient against its rivals. Chinese official says they are hopeful an agreement with the US will be reached. The AUD/USD pair posted its highest daily close in a month at 0.6870 on Monday but struggled to continue to push higher. As of writing, the pair, which tested the 0.6850 handle in the last hour, was trading at 0.6860, down 0.08% on a daily basis. The Greenback spent the second half of the previous week under strong selling pressure and the US Dollar Index (DXY) slumped to its lowest level since early August at 97.14. In the absence of significant macroeconomic data releases on Tuesday, the USD staged a technical rebound and the DXY was up 0.15% on the day near 98.50. Trade headlines support the Aussie Despite the USD recovery, hopes of the United States and China coming to terms on trade before causing the conflict to escalate any further helps trade-sensitive antipodeans stay resilient against their rivals. Earlier in the day, China’s Vice Foreign Minister Le Yucheng said that they had achieved progress in the latest trade talks with the US and noted that they were hopeful an agreement could be reached. “As long as we respect each other, there are no problems that cannot be resolved by China and the US,” the official added. There won’t be any macroeconomic data releases from Australia on Wednesday and Reserve Bank of Australia’s Assistant Governor Christopher Kent will be delivering a speech. Technical levels to watch for 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 NZ: Trade Deficit likely to be NZD1.6b for September – TDS FX Street 3 years US Dollar Index climbs to 98.50 area on Tuesday. Renewed trade optimism helps AUD stay resilient against its rivals. Chinese official says they are hopeful an agreement with the US will be reached. The AUD/USD pair posted its highest daily close in a month at 0.6870 on Monday but struggled to continue to push higher. As of writing, the pair, which tested the 0.6850 handle in the last hour, was trading at 0.6860, down 0.08% on a daily basis. The Greenback spent the second half of the previous week under strong selling pressure and the US Dollar Index (DXY) slumped… 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.
