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Australian Dollar May Extend Gains Despite Escalating China Trade Tensions

The Australian Dollar appears set to lengthen its push to glowing each year highs in the coming week, buoyed through capacity of the use of sturdy financial statistics and the nation’s contemporary return to normalcy.

As stated in preceding reports, Australia’s rewarding suppression of the novel coronavirus has allowed states to roll minimize once more border restrictions, with the border between the nation’s two most populous states – Victoria and New South Wales – reopening on November 23 after being closed for over four months.

Western Australia is in addition set to open its doorways to the relaxation of the u . s . on December eight However, Premier Mark McGowan has warned that “if there’s outbreaks over east, we’ll have to put in vicinity new measures”.

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