The dollar was on the defensive on Monday in light year-end trading after suffer...
The Aussie and the kiwi scaled five month peaks on Monday to $0.6990 and $0.6717 respectively, boosted by higher commodity prices and expectations the United States and China would sign a trade deal soon.
But despite recent rallies, the annual performances of the antipodean currencies are still dreary with the Aussie down 1% so far this year and the kiwi off a shade. “I expect less of both in 2020, for two reasons,” he said, noting the expected end of the Sino-U.S. trade war which should lead to broader economic recovery across the world.“As accelerates, countries are less likely to cut rates and maybe, possibly, conceivably some countries could start thinking about hiking rates, which would encourage monetary policy divergence.
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