AUD/USD is currently
trading unchanged on the day around 0.6777, having hit a high of 0.6788 a few
minutes before press time.
The yield on the
Australian government bond yield is currently trading at 0.933 basis points,
representing a four-basis point gain on the day and a more than ten basis point
gain on the record low of 0.86 basis points hit on Friday.
So far, however, the
recovery in the benchmark yield has failed to put a bid under the Aussie
The upside is
possibly being capped by the US-China trade tensions. The US President Trump
downplayed recession fears on Saturday but said that he is not ready for a
trade deal with China.
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