Aussie rises with US-China trade talks in focus

Australian dollar rose today against greenback amid market's hopes about the US-China trade talks.

President Trump announced the delaying of the $250 billion tariffs increase on Chinese imports for nearly two weeks in a good will gesture, until October 15th.

Experts see that Trump wants to pave the way for constructive negotiations between Washington and Beijing, which will begin in October as he aims for a long-term trade agreement.

Which came after China announced the exemption of 16 US products from 25% tariffs for a year.

The Chinese Ministry of Commerce stated on Tuesday that it has encouraged local companies to buy US agricultural products such as soybeans and corn.

Which eased the market's concerns and boosted the risk appetite in markets, especially Forex and stocks markets.

While the markets are anticipating the next US Federal Reserve's meeting next week with forecasts of a quarter-point rate cut to 2.00% from 2.25%.

As of 16:44 GMT, AUD/USD rose by 0.2% to $0.6881, hit a high of $0.6891 and a low of $0.6856.