What would a US/China Plaza Accord do to the Australian dollar?

More trade scuttlebutt this afternoon, via Bloomie:

The White House is looking at rolling out a previously agreed currency pact with China as part of an early harvest deal that could also see a tariff increase next week suspended, according to people familiar with the discussions.

The currency accord — which the U.S. said had been agreed to earlier this year before trade talks broke down — would be part of what the White House considers to be a first-phase agreement with Beijing. It would be followed by more negotiations on core issues like intellectual property and forced technology transfers, the people said.

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