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Feb 04 - 06:55 AM

AUD/USD - Hugs 0.62 After Ebb And Flow On Tariff News

By Robert Howard  —  Feb 04 - 04:51 AM

• 0.6211 is high water-mark for AUD/USD since its Asian session fall to 0.6171

• That low was plumbed after new U.S. tariffs on China goods came into effect

• China hits back at U.S. with targeted tariffs (to start on Feb 10)

• 0.6237 was high after Trump paused tariffs on Canada Monday

• Tariffs on Mexico were paused hours earlier (0.6198 was high on Mexico news)

• 0.6089 was 58-month low in Asia Monday, following Trump tariff news Saturday

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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