AUD CAD Exchange Rate Slides after AUD-Damaging Trade Report

AUD CAD Exchange Rate Slides after AUD-Damaging Trade Report

The Australian Dollar has dropped against the Canadian Dollar due to a concerning report about AU-US ties.

The report looked at Australia’s relationship between the US and China, and the potential difficulties of trying to alter these relationships.

With the US looking increasingly protectionist, Australian officials have considered whether to switch their trading focus to China.

An incoming visit from Chinese Premier Li Keqiang has only heightened these uncertainties, leaving the AUD CAD exchange rate down.

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