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US-China trade talks boost Wall St, Aussie dollar rebounds

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Global markets edge higher as the United States and China resume negotiations to end their protracted trade dispute, while the Australian dollar recovers from a sharp fall.

The dollar also climbed to 54.05 British pence, 63.3 euro cents and 79.3 Japanese yen.

Wall Street is on track to end its day higher after White House economic adviser Larry Kudlow said the US and China were expected to make progress in their trade negotiations this week.The benchmark S&P 500 added 0.2 per cent, while the tech-heavy Nasdaq lifted 0.6 per cent.

 

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