AUD/USD turns upside down to near 0.6400 after US-China trade truce

  • The AUD/USD pair gives back initial gains and turns negative during North American trading hours on Monday. The Aussie pair slides to near 0.6390 as the US Dollar (USD) surges after the United States (US) and China agree to roll back higher import duties imposed after the announcement of reciprocal tariffs by President Donald Trump on the so-called Liberation Day on April 2.