Australia's Minister for Trade Dan Tehan announced on Tuesday, a trade agreement with the UK has been reached after talks between the nations’ prime ministers.
"Both prime ministers have held a positive meeting in London overnight and have resolved outstanding issues in relation to the (Free Trade Agreement}," Tehan said.
Separately, Australia's biggest exporting state, Western Australia, Premier Mark McGowan urged Canberra to stop antagonizing China, calling for a reset of ties between both the trading partners at the country’s biggest oil and gas industry conference.
Market reaction
AUD/USD is uninspired by the trade deal agreement, keeping its range trade around 0.7710, almost unchanged on the day.
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