India, July 23 -- The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the Asian session on Wednesday amid improving risk sentiment, following global trade developments as markets await potential trade deals between the U.S. and its partners ahead of the August 1 deadline.
Market sentiment also improved after U.S. President Donald Trump's announcement of a "massive" trade deal with Japan eased concerns about the tariff war.
U.S. President Donald Trump has threatened nations with an enormous 35% tariff on its imports to the U.S. if a deal is not reached by August 1, with countries forcing themselves to arrive at a "good deal."
Trump has threatened to hit most...