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Jan 14 - 04:55 AM

AUD/USD - Up On Word Trump Team Studying Gradual Tariff Hikes

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% YY

AUDUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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