India, Aug. 7 -- The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the Asian session on Thursday amid increased risk appetite by the investors, after U.S. President Donald Trump said the U.S. was closing in on the trade deal with China. Traders also remain optimistic about the U.S. Fed cutting interest rates as early as September based on the recent economic data from the U.S.
Strong exporting data from China also led to the upturn of the commodity-linked currencies such as the AUD, NZD and CAD.
China's exports beat forecasts in July as manufacturers capitalized on a temporary tariff truce with the U.S. to ship goods before an impending deadline.
The truc...