The Australian Dollar (USD) tops the G10 leaderboard as improved US-China trade prospects and RBA Governor Bullock’s hawkish remarks temper expectations of near-term easing, BBH FX analysts report.
"AUD is outperforming all major currencies on favorable US-China trade developments and hawkish comments by RBA Governor Michele Bullock. Bullock stressed that Australia is in “pretty good” position on jobs and inflation, adding the RBA policy rate might not come down as far as that of other central banks. Cash rate futures trimmed RBA November 4 rate cut in half to 25%."