By Robert Howard — Jan 14 - 03:50 AM
• AUD/USD rises to 0.6207 as report about U.S. tariff plan weighs on USD
• Bbg-Trump team studies gradual tariff hikes; one idea involves 2-5% a month
• 0.6207 is highest level since Thursday (0.6206 was Friday's high)
• Gradual U.S. tariff hikes might be less disruptive than a sudden tariff hike
• 0.6131 was Monday's 57-month low for AUD/USD, after strong U.S. jobs data
• U.S. PPI data due at 1330 GMT: 0.3%, 3.4% YY f/c; core f/c 0.3% MM, 3.8%
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(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters