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Editors’ Picks
AUD/USD traded in a choppy fashion above 0.6200
AUD/USD failed to extend its early gains beyond the 0.6250 zone as US tariffs and the prospect of a broad trade war weighed on sentiment. However, extra losses in the US Dollar and the cautious tone from the RBA Minutes kept spot modestly up.
Tariffs, Ukraine and Oil dominate
The US imposed 25% tariffs on Canada and Mexico starting from today, it also imposed another 10% on China. The US also confirmed that it would suspend all military aid to Ukraine.
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