Wells Fargo: US-China trade spat still a drag for Aussie

Dispute will keep trade-sensitive currencies under pressure, with a deal unlikely before March 1 tariff deadline, says strategist

weight-burden
Weighed down: Australian and New Zealand currencies in focus because of firm trade ties with China

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Lingering trade tensions between the US and China will continue to weigh down optimism for sentiment-linked currencies such as the Australian and New Zealand dollars in the short term, according to Brendan McKenna, a currency strategist at Wells Fargo Securities, which topped last week’s one-month currency forecast tables.

“Trade linkages between these two countries and China are extremely high, and until trade

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