AUDUSDAustralian Dollar / US Dollar
0.7266
+0.43%
Past
What happened
Aussie edged up to 0.7266, shrugging off dollar strength as copper and iron ore held firm on China stimulus hopes ahead of the Trump-Xi meeting.
Why
Why it matters
AUD is trading as a China proxy -- any positive trade signals from the summit would disproportionately benefit the Aussie given Australia's commodity export exposure.
Watch
What to watch
China industrial production and retail sales data due Friday -- those numbers will confirm or deny the recovery narrative supporting AUD.
HEADLINES