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Posted by
Two Blokes Jun 11 -
Filed in
Forex
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The Australian Dollar is trading lower on Wednesday, retracing Tuesday's gains as the frail enthusiasm about an alleged trade deal between the US and China faded, with markets turning cautious ahead of the release of US Inflation data. US and China seem to have reached a deal to ease restrictions on rare metals' trade and reduce tariffs, but the parties have offered few details about the agreement, which grants little guarantee about its durability.
