Aussie Dollar Jumps With Risk Currencies as US-China Spat Cools

Australia’s dollar led a rebound in risk-sensitive currencies as US President Donald Trump’s more conciliatory rhetoric toward China boosted investor sentiment and crimped demand for haven assets.

The Aussie advanced almost 1% to 65.33 US cents after Trump’s administration signaled openness Sunday to a deal with China to quell fresh trade tensions. The currency had tumbled 1.3% on Friday when Trump threatened to impose an additional 100% tariff on Chinese goods.