The climb down by the US administration will ease tensions with mainland China considerably after a latest tense escalation:

The US State Division cancelled official visits abroad this week after EU leaders declined to fulfill with US Secretary of State Pompeo. The Dept. says its as a result of they’re planning the transition. 

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To the extent the US escalation with China impacted AUD (China kicks Australia as a proxy for the US) the again down by the State Dept. is a constructive for AUD property. 

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