By guest contributor Stuart Talman, Director of Australian Sales, XE.com
The Australian dollar was under pressure for much of last week as trade relations continued to sour between the US and China and the RBA clearly adopted an explicit easing bias – RBA governor Lowe flagging likely rate cuts ahead. Price action suggested that the Aussie dollar would continue its march lower as the US dollar hit fresh multi-month highs versus the euro, sterling Aussie and Kiwi dollars. Surprisingly...