India, May 2 -- The Australian dollar strengthened against other major currencies in the Asian session on Friday, amid optimism about possible trade deals, with U.S. President Donald Trump saying he has "potential" trade deals with India, South Korea and Japan as well as expressed optimism about a resolution with China. Traders are also booking some profits following the recent upside in the markets.
A spokesperson for China's ministry of commerce announced today that Beijing was assessing the possibility of tariff negotiations with the United States.
The statement comes a day after a Weibo account linked to Chinese state media said the U.S. had been seeking to initiate discussions.
In economic news, data from the Australian Bureau of St...