Trade deal optimism boosts Aussie, Chinese yuan
(Reuters) - Trade-oriented currencies including the Australian dollar surged on Tuesday, with the Chinese currency poised for its biggest daily jump in nearly three months on increasing signs that Beijing and Washington are inching closer to a trade deal.
A decision by the Chinese central bank to trim lending rates by only 5 basis points also boosted general risk appetite, with the perceived safe-haven Japanese yen and the Swiss franc weakening by a third of a percentage point.
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