Citing sources, ABC News reported on Tuesday that China is considering lifting the tariffs on Australian wine imports at the end of March.
No further details are available on the same. Last year, China removed trade restrictions on imports of Australian hay, a step in the improvement of the trading relationship. Market reaction The Australian Dollar caught a fresh bid wave on renewed trade optimism, lifting AUD/USD from intraday lows to challenge highs near 0.6550. The pair is currently trading at 0.6544, up 0.06% on the day.
06% 0.03% -0.03% -0.05% 0.03% -0.05% GBP -0.03% -0.06% -0.03% -0.08% -0.12% -0.02% -0.11% CAD 0.00% -0.03% 0.02% -0.06% -0.09% 0.02% -0.08% AUD 0.05% 0.03% 0.09% 0.05% -0.03% 0.07% -0.02% JPY 0.09% 0.07% 0.11% 0.08% 0.06% 0.10% 0.01% NZD -0.06% -0.03% 0.00% -0.03% -0.08% -0.12% -0.07% CHF 0.08% 0.05% 0.11% 0.08% 0.02% 0.00% 0.09% The heat map shows percentage changes of major currencies against each other.
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