AUD popped above 0.6400 after better than expected China exports data ... be careful folks ...Middle East

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April figures, in US dollar terms: exports +8.1% y/y

Putting on my sceptical hat for a minute ....

From the US its been bluster about a stack of deals coming in in the weeks ahead (yeah, right), supported by a lack lustre 'framework' of an agreement' with the UK. From China we had tough talk just today:

China Vice Foreign Minister Hua: On US trade talks ... ‘come on. We have no fear.’

Anyway, make up your own mind, but I'm sceptical.

AUD off its low:

This article was written by Eamonn Sheridan at www.forexlive.com.

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