AUD: 67.75 US cents, 55.42 British pence, 61.03 euro cents, 71.89 Japanese yen, $NZ1.06Europe: FTSE 100 -0.5pc at 7,095, DAX -0.4pc at 11,658, CAC +0.5pc at 5,351, Euro Stoxx 50 +0.4pc at 3,349
Commodities: Brent crude -0.8pc at $US58.87/barrel, spot gold +0.1pc at $US1,527.23/ounce, iron ore -3.3pc at $US84.91/tonneindex on Monday. The Australian dollar, meanwhile, had lifted back to 67.75 US cents by 8:00am — having briefly plunged as low as 66.93 cents at the start of this trading week.At the G7 summit in France, US President Donald Trump said he believed China was sincere about wanting to reach a trade deal.
He said this was because of, what he described as, increasing economic pressure on Beijing and job losses there. It comes after both sides rapidly escalated their tit-for-tat trade war over the weekend, by threatening to impose further tariffs on each other's goods."China called last night our top trade people and said, 'Let's get back to the table', so we will be getting back to the table and I think they want to do something.
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