{"id":106931,"date":"2020-11-30T10:13:37","date_gmt":"2020-11-30T10:13:37","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106931"},"modified":"2020-11-30T10:25:07","modified_gmt":"2020-11-30T10:25:07","slug":"104925-aud-bulls-hopeful-despite-trade-worries","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104925-aud-bulls-hopeful-despite-trade-worries\/","title":{"rendered":"AUD Bulls Hopeful despite Trade Worries"},"content":{"rendered":"<ul>\n<li><span style=\"font-weight: 400\">Chinese data helps AUD to a good start.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Trump bans more Chinese firms, AUD falls.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Australia-China trade tensions affect AUD.<\/span><\/li>\n<li><span style=\"font-weight: 400\">AUD\/USD poised to move higher.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Australian dollar failed to sustain the early gains after the Trump administration imposed a ban on two more Chinese firms &#8211; Semiconductor Manufacturing International Corporation and China National Offshore Oil Corporation.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The upbeat Chinese economic data has triggered the earlier rise above 0.7400. Manufacturing PMI clocked an increase of 52.1 in November, beating estimates of 51.5, while non-manufacturing PMI hit 56.4 &#8211; a positive surprise. The numbers indicate a robust economic recovery, from Coronavirus lows, underway in China without much help from the fiscal safety net.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Beijing had ordered China&#8217;s regional governments to sell 3.75 trillion yuan worth of bonds by October end in addition to 2.27 trillion issued by July end.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The AUD will benefit from the bond selling and could push the currency to fresh highs in the day ahead, but the tensions surrounding Australia-China trade relations could spoil the party.<\/span><\/p>\n<h2><b>Australia-China Trade War<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Beijing imposed import duty up to 200 Percent on wine after similar measures earlier in coal, timber, seafood and barley &#8211; from Australia.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Chinese import duty hikes for Australian goods affect around 20 billion US dollars worth of exports.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As of now, Australia&#8217;s biggest export &#8211; iron ore, has been exempted from the tariff hikes but could be targeted soon. The chances of such a scenario went up after a Chinese official in Canberra made threatening comments just after the Chinese embassy released a list of 14 grievances &#8211; apparently aimed at pressuring the Australian government to rethink its position on several important issues.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Australian PM&#8217;s demand for an independent investigation on the origins of coronavirus and the country&#8217;s response to Beijing&#8217;s actions in Hong Kong and Xinjiang have miffed Asia&#8217;s largest economy.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The tensions between the two countries could derail the recovery in the Australian economy, and Treasurer Josh Frydenberg has called for &#8220;respectful and beneficial&#8221; relations with each other.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Right now, iron ore exports are in the safe zone, and this will help AUD to climb higher as iron prices have surged in recent times along with continuous Chinese demand.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chinese data helps AUD to a good start. Trump bans more Chinese firms, AUD falls. Australia-China trade tensions affect AUD. AUD\/USD poised to move higher. Australian dollar failed to sustain the early gains after the Trump administration imposed a ban on two more Chinese firms &#8211; Semiconductor Manufacturing International Corporation and China National Offshore Oil [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":5152,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1381],"tags":[1540,2415,1399,1400],"class_list":{"0":"post-106931","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-aud","8":"category-usd","9":"tag-aud","10":"tag-aud-usd","11":"tag-china","12":"tag-trump"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AUD Bulls Hopeful despite Trade Worries - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104925-aud-bulls-hopeful-despite-trade-worries\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104925-aud-bulls-hopeful-despite-trade-worries\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104925-aud-bulls-hopeful-despite-trade-worries\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"AUD Bulls Hopeful despite Trade Worries\",\"datePublished\":\"2020-11-30T10:13:37+00:00\",\"dateModified\":\"2020-11-30T10:25:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104925-aud-bulls-hopeful-despite-trade-worries\\\/\"},\"wordCount\":363,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104925-aud-bulls-hopeful-despite-trade-worries\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100791-gbp-usd-trade-developments.jpg\",\"keywords\":[\"aud\",\"aud\\\/usd\",\"china\",\"trump\"],\"articleSection\":[\"AUD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104925-aud-bulls-hopeful-despite-trade-worries\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104925-aud-bulls-hopeful-despite-trade-worries\\\/\",\"name\":\"AUD Bulls Hopeful despite Trade Worries - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104925-aud-bulls-hopeful-despite-trade-worries\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104925-aud-bulls-hopeful-despite-trade-worries\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100791-gbp-usd-trade-developments.jpg\",\"datePublished\":\"2020-11-30T10:13:37+00:00\",\"dateModified\":\"2020-11-30T10:25:07+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104925-aud-bulls-hopeful-despite-trade-worries\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/104925-aud-bulls-hopeful-despite-trade-worries\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104925-aud-bulls-hopeful-despite-trade-worries\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100791-gbp-usd-trade-developments.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100791-gbp-usd-trade-developments.jpg\",\"width\":708,\"height\":391,\"caption\":\"GBP\\\/USD: Dollar Steady Amid US - China Trade Developments\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104925-aud-bulls-hopeful-despite-trade-worries\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"AUD Bulls Hopeful despite Trade Worries\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\",\"name\":\"Stelian Olar\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b49463f46121c6696c7326c39f9c0566148bfc9b5f7fcbf494e67f280fa034fc?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b49463f46121c6696c7326c39f9c0566148bfc9b5f7fcbf494e67f280fa034fc?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b49463f46121c6696c7326c39f9c0566148bfc9b5f7fcbf494e67f280fa034fc?s=96&d=blank&r=g\",\"caption\":\"Stelian Olar\"},\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/stelian-olar\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"AUD Bulls Hopeful despite Trade Worries - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/104925-aud-bulls-hopeful-despite-trade-worries\/","twitter_misc":{"Written by":"Stelian Olar","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/104925-aud-bulls-hopeful-despite-trade-worries\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/104925-aud-bulls-hopeful-despite-trade-worries\/"},"author":{"name":"Stelian Olar","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/c83637dd6dc82bcaadbc8b6c994d1186"},"headline":"AUD Bulls Hopeful despite Trade Worries","datePublished":"2020-11-30T10:13:37+00:00","dateModified":"2020-11-30T10:25:07+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/104925-aud-bulls-hopeful-despite-trade-worries\/"},"wordCount":363,"image":{"@id":"https:\/\/currencylive.com\/news\/104925-aud-bulls-hopeful-despite-trade-worries\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100791-gbp-usd-trade-developments.jpg","keywords":["aud","aud\/usd","china","trump"],"articleSection":["AUD","USD"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/104925-aud-bulls-hopeful-despite-trade-worries\/","url":"https:\/\/currencylive.com\/news\/104925-aud-bulls-hopeful-despite-trade-worries\/","name":"AUD Bulls Hopeful despite Trade Worries - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/104925-aud-bulls-hopeful-despite-trade-worries\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/104925-aud-bulls-hopeful-despite-trade-worries\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100791-gbp-usd-trade-developments.jpg","datePublished":"2020-11-30T10:13:37+00:00","dateModified":"2020-11-30T10:25:07+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/c83637dd6dc82bcaadbc8b6c994d1186"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/104925-aud-bulls-hopeful-despite-trade-worries\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/104925-aud-bulls-hopeful-despite-trade-worries\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/104925-aud-bulls-hopeful-despite-trade-worries\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100791-gbp-usd-trade-developments.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100791-gbp-usd-trade-developments.jpg","width":708,"height":391,"caption":"GBP\/USD: Dollar Steady Amid US - China Trade Developments"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/104925-aud-bulls-hopeful-despite-trade-worries\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"AUD Bulls Hopeful despite Trade Worries"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/c83637dd6dc82bcaadbc8b6c994d1186","name":"Stelian Olar","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/b49463f46121c6696c7326c39f9c0566148bfc9b5f7fcbf494e67f280fa034fc?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/b49463f46121c6696c7326c39f9c0566148bfc9b5f7fcbf494e67f280fa034fc?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b49463f46121c6696c7326c39f9c0566148bfc9b5f7fcbf494e67f280fa034fc?s=96&d=blank&r=g","caption":"Stelian Olar"},"url":"https:\/\/currencylive.com\/news\/author\/stelian-olar\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100791-gbp-usd-trade-developments.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/106931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946612"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=106931"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/106931\/revisions"}],"predecessor-version":[{"id":106932,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/106931\/revisions\/106932"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5152"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=106931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=106931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=106931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}