By Krishna Kumar — Feb 02 - 05:38 PM
• AUD/USD down 0.9% in early Asia as Trump launches trade war with tariffs
• Mexico, Canada, China targeted; Canada announces retaliatory tariffs
• Mexico vows retaliation, China denounces move; safe-haven USD surges
• CNH hits slumps to record low, CAD 2-decade low, MXN wilts, down 2.5%
• AUD opens at 0.6181 from 0.62135 NYK close, hits 0.6151 before stabilising
• RBA February rate cut optimism adds to soft undertone, will cap rallies
• Support 0.6130, 0.6100, resistance 0.6190-0.6200, 0.6225-30
AUD:
(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters