XE Market Analysis: Aussies Gain as Tension Eases Between US and China

OVERVIEW

  • UK PM reportedly rejects an EU Irish border deal
  • Oil closing in on 2-month highs

HIGHLIGHT

The U.S. dollar lost ground on competing currencies on Wednesday. Investors were distracted from the Greenback by even more Brexit-inspired tension surrounding the British Pound. China reiterated that it wouldn’t use its Yuan currency as a weapon in its trade battles with the United States. 

US DOLLAR