Ella 
The Australian dollar (AUD) continued to strengthen against the U.S. dollar (USD) on Monday, hitting a six-month high. The AUD/USD pair found support as the U.S. dollar came under downward pressure due to rising uncertainty in the U.S. economy.
The gains of the Australian dollar may be limited due to dovish sentiment on the Reserve Bank of Australia (RBA) policy outlook. After the RBA cut interest rates by 25 basis points last week, Governor Michelle Bullock mentioned that the central bank is ready to take further action if the economic outlook deteriorates sharply, which raises the possibility of future rate cuts.
The Australian dollar was supported by optimism about the 90-day U.S.-China trade truce and hopes for further trade deals with other countries. However, the Reserve Bank of Australia will closely monitor further progress in the U.S.-China trade talks as China is an important trading partner for Australia.
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