The Aussie declined yesterday as news hit that a delegation from China may cancel its plans to continue trade talks with the United States later this week because of a recent tweet by President Trump calling for increased tariffs.
The Aussie dollar felt the pain because as China goes, so does Australia. In addition, the RBA left interest rates, unchanged at 1.5%. What they said was leaving rates on hold was based on still spare capacity in the economy and that a further improvement in the labour market was likely to be needed for inflation to be consistent with the
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