{"id":82725,"date":"2019-11-27T03:30:31","date_gmt":"2019-11-27T08:30:31","guid":{"rendered":"https:\/\/currencylive.com\/?p=82725"},"modified":"2019-11-27T03:56:34","modified_gmt":"2019-11-27T08:56:34","slug":"101606-gbp-aud-aussie-lifted-by-renewed-us-china-trade-optimism","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101606-gbp-aud-aussie-lifted-by-renewed-us-china-trade-optimism\/","title":{"rendered":"GBP\/AUD: Aussie Lifted by Renewed US-China Trade Optimism"},"content":{"rendered":"\n\n\n
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GBP\/AUD<\/a> is in red in early trading on Wednesday. The Aussie is driven by renewed hopes for a US-China trade deal.<\/span><\/p>\n

The pair is currently trading at 1.8938, down 0.05% as of 6:32. The price has been in free fall since late Monday. The next strong support line is somewhere at 1.8894.<\/span><\/p>\n

Yesterday, US President Donald Trump said that Washington was in the \u201cfinal throes\u201d in its effort to reach a \u201cphase one\u201d trade agreement with Beijing. <\/span><\/p>\n

Last week, the US Congress passed a bill that favor Hong Kong protesters. Beijing accused the US of interfering in internal affairs.<\/span><\/p>\n

Speaking at an event on Tuesday, Trump was asked whether he had a message for people in Hong Kong. The president <\/span>responded<\/span><\/a>:<\/span><\/p>\n

\u201cWe’re with them. I have a very good relationship, as you know, with President Xi. We’re in the final throes of a very important deal, I guess you could say one of the most important deals in trade ever. It’s going very well but at the same time we want to see it go well in Hong Kong.\u201d<\/span><\/i><\/p>\n

\u201cAnd I think it will. I think that President Xi can make that happen. I know him and I know he’d like to make it happen,\u201d<\/span><\/i> Trump added.<\/span><\/p>\n

However, he didn\u2019t make any specific reference to the legislation passed by the Senate and the House of Representative. Trump has the last word to that bill, and he might veto it.<\/span><\/p>\n

Nevertheless, the markets focused on the positive news about the potential trade deal. The national currencies of trade-reliant economies, like Australia, are pushed up by investors\u2019 optimism.<\/span><\/p>\n

Besides Trump, the White House adviser Kellyanne Conway also confirmed that the US and China were very close to reaching an agreement after top negotiators from both sides had a phone call.<\/span><\/p>\n

Yesterday, China’s Commerce Ministry <\/span>revealed <\/span><\/a>that the participants of the call were US Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu.<\/span><\/p>\n\n\n\n
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GBP\/AUD is in red in early trading on Wednesday. The Aussie is driven by renewed hopes for a US-China trade deal. The pair is currently trading at 1.8938, down 0.05% as of 6:32. The price has been in free fall since late Monday. The next strong support line is somewhere at 1.8894. Yesterday, US President […]<\/p>\n","protected":false},"author":163946598,"featured_media":3705,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1379],"tags":[1540,1836,1541,1657,1394,1542],"class_list":["post-82725","post","type-post","status-publish","format-standard","has-post-thumbnail","category-aud","category-gbp","tag-aud","tag-australian-bureau-of-statistics","tag-australian-dollar","tag-british-pound","tag-gbp","tag-rba"],"acf":[],"yoast_head":"\nGBP\/AUD: Aussie Lifted by Renewed US-China Trade Optimism - 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\/101606-gbp-aud-aussie-lifted-by-renewed-us-china-trade-optimism\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101606-gbp-aud-aussie-lifted-by-renewed-us-china-trade-optimism\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101606-gbp-aud-aussie-lifted-by-renewed-us-china-trade-optimism\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/AUD: Aussie Lifted by Renewed US-China Trade Optimism\",\"datePublished\":\"2019-11-27T08:30:31+00:00\",\"dateModified\":\"2019-11-27T08:56:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101606-gbp-aud-aussie-lifted-by-renewed-us-china-trade-optimism\\\/\"},\"wordCount\":577,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101606-gbp-aud-aussie-lifted-by-renewed-us-china-trade-optimism\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100096-gbp-aud-uk-political-changes.jpg\",\"keywords\":[\"aud\",\"Australian Bureau of Statistics\",\"australian dollar\",\"british pound\",\"gbp\",\"rba\"],\"articleSection\":[\"AUD\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101606-gbp-aud-aussie-lifted-by-renewed-us-china-trade-optimism\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101606-gbp-aud-aussie-lifted-by-renewed-us-china-trade-optimism\\\/\",\"name\":\"GBP\\\/AUD: Aussie Lifted by Renewed US-China Trade Optimism - 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