AUD/USD dipped under 0.61 ...Middle East

Ethereum implodes

Non-USD FX is not faring a whole lot better. The USD index is up around 1% on the session in the wake of the tariff tantrum.

Trump: Tariffs on Canada can be removed if 'enough steps' taken to reduce health crisis

Goldman Sachs: We think Canada and Mexico tariffs are likely to be short-livedTrump and DumpEarly Monday - Trump tariffs slam Stocks, surge the USDNew Zealand benchmark equity index, S&P/NZX 50 falls nearly 2%Trump's tariff trade war launch bolsters the case for Reserve Bank of Australia rate cutsAustralia retail sales December 2024 -0.1%% m/m (expected -0.7%)

AUD is being slammed, this the longer term context of today's move:

This article was written by Eamonn Sheridan at www.forexlive.com.

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