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The Australian dollar came under attack after America announced new batch of tariffs on imports of Chinese goods, raising concerns about a full-fledged trade war.
Washington decided to impose 10 per cent duty on import of certain goods from China at $ 200 billion after attempts to find a peaceful way to resolve the conflict have failed. The news that appeared in the morning trading session in Asia, sent the Australian currency with a 3.5-week highs to the low near 0.740
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