AUD/USD trades higher after Xi's speech, what's next? - ConsultFX

AUD/USD trades higher after Xi's speech, what's next?

AUD/USD is up to session highs of 0.7738 The aussie was on the backfoot for the majority part of trading yesterday after that China is considering to devalue the yuan as a retaliatory tool against the US in the recent trade spat. How quickly things have changed.