Australian Dollar Weighed by Tariff Shock
- Category: AUD
U.S. tariffs on Australian exports are not helping AUD.
GBP/AUD has broken into a new, higher range.
There is a strong link between the China-U.S. axis of Donald Trump's global trade war and the Australian Dollar.
The Australian Dollar is stabilising near long-term lows against the Pound and Euro while extending a nascent recovery against the U.S. Dollar.