FTA key to high currency flow

Trading volumes between Aust dollar and Chinese renminbi tipped to be major beneficiaries of FTA.

Trading volumes between the Australian dollar and the Chinese renminbi are expected to be one of the major beneficiaries of a trade agreement that will cut the cost of doing business between the two nations.

Tony Abbott has promised to finalise a trade deal between Australia and China before the end of the year, after sealing agreements with Japan and South Korea as part of his first major overseas tour as Prime Minister earlier this month.

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