Overview
The Australian dollar will continue its surprise rise against the greenback if Trump administration officials extend a trade truce with China early next week, supported by an unlikely resurgence in the iron ore price.
That is the view of Commonwealth Bank strategists, who say a meeting between Chinese officials and US Treasury secretary Scott Bessent in Stockholm could be “a catalyst for more Aussie dollar gains”.
Source: https://www.afr.com/markets/currencies/a-s-spectacular-iron-ore-led-rally-could-extend-on-trump-china-deal-20250725-p5mhpf