AUD/USD strengthens on Monday, up 0.67% to around 0.6550 at the time of writing. The Aussie benefits from renewed investor appetite for growth-linked currencies, fueled by signs of progress in US–China trade relations.
Australian Dollar (AUD) has been under pressure over the last couple of sessions after the recent flare-up in US-China tensions over rare earth material controls and threat of fresh 100% tariffs as well as in reaction to softer than expect labor market print.
The Australian Dollar (AUD) gains ground against the US Dollar (USD) following the release of the TD-MI Inflation Gauge data, suggesting that inflation may come in hotter than anticipated in the third quarter, despite the Reserve Bank of Australia's (RBA) efforts to keep inflation within its 2–3% ta