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US-China trade battle de-escalation is not the only bullish driver for AUD/USD
The Australian dollar has become one of the major beneficiaries of the US-China trade truce. Expecting positive news from the G20 summit, the AUD/USD was 2% up in late June. The pair was going to continue the rally, but the buyers were discouraged by the RBA, which has lowered the cash rate at two consecutive meetings for the first time since 2012. The interest-rate cut in May was interpreted by investors as a preventive measure, but now they are discussing a cycle of monetary easing by the RBA….
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