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Australia is the third country to get direct currency trading rights with China

In the media

The Australian and Chinese governments have agreed on a deal to trade the dollar and yuan directly.


Australia is the third country to get direct currency trading rights with China

ABC News/The Business

China-focussed exporters struggling with the high dollar have something to celebrate.
The Australian and Chinese governments have agreed on a deal to trade the dollar and yuan directly.
It means transactions won’t have to be converted into the US dollar first, reducing the cost of doing business.
But the biggest trade issues with China remain unresolved.

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