The Australian dollar is losing ground across the board.
There was news overnight reported in China's Global Times that China has halted imports of Australian coal. Both Australia's trade minister and Prime Minister are doubting the report:
Given the deteriorating relationship between Australia and China I'd tend to believe the reports until shown otherwise, and the AUD seems to be thinking the same thing. Adding to its softness are the RBA minutes from earlier that further easing (via more bond-buying) in 2021 is probably likely:
AUD is sad:
