Aussie smells the problems

A new round of trade wars may break the plans of the AUD/USD bulls

Has the idea of a faster recovery of China’s economy than that of the USA and Europe, suggesting one should bet on the currencies of the counties having close trade links with China, failed? In late March and early April, I strongly recommended buying the Australian dollar despite the opinion of the majority that suggested a gloomy outlook for the Australian economy and a further easing of the RBA’s ultra-easy monetary policy. Since then, the AUD/USD pair has risen by more than 6 figures. However, Trump’s attacks against China have broken…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>