Adam is posting on the debacle in crypto:
Non-USD FX is not faring a whole lot better. The USD index is up around 1% on the session in the wake of the tariff tantrum.
Weekend:
Trump: Tariffs on Canada can be removed if ‘enough steps’ taken to reduce health crisis
Since then:
- Goldman Sachs: We think Canada and Mexico tariffs are likely to be short-lived
- Trump and Dump
- Early Monday – Trump tariffs slam Stocks, surge the USD
- New Zealand benchmark equity index, S&P/NZX 50 falls nearly 2%
- Trump’s tariff trade war launch bolsters the case for Reserve Bank of Australia rate cuts
- Australia retail sales December 2024 -0.1%% m/m (expected -0.7%)
AUD is being slammed, this the longer term context of today’s move:
This article was written by Eamonn Sheridan at www.forexlive.com.
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