Tariffs, read from the bottom up for the chronology
JP Morgan on Trump tariffs - reinforce their bullish view on goldPersistent Trump tariffs mean a minus 5% hit to Canada's economy, Mexico -8%, US -1%AUD/USD dipped under 0.61Ethereum implodesBank of Canada will implement six consecutive quarter-point interest rate cutsGoldman Sachs says the medium term risks to oil prices is skewed to the downsideUS TreasSec Bessent said tariffs inflationary, not good "for a US industrial renaissance”AUD/USD falls to to its lowest since early 2020Trump says he'll speak with Canada's Trudeau on MondayTrump tariffs end ‘self-delusion in markets’Trump's tariff trade war launch bolsters the case for Reserve Bank of Australia rate cutsTrump tariff trade war - inflation, economic shock, hit to consumers, supply chain chaosNew Zealand benchmark equity index, S&P/NZX 50 falls nearly 2%Trump inflicts economic pain for Americans with his tariff war launchEarly Monday - Trump tariffs slam Stocks, surge the USDTrump and DumpGoldman Sachs: We think Canada and Mexico tariffs are likely to be short-livedTrump: Tariffs on Canada can be removed if 'enough steps' taken to reduce health crisisWhite House says Trump has signed order to impose tariffs on Canada, Mexico and ChinaOther
Over the weekend Trump announced tariffs on China, Canada and Mexico.
Markets here in the very early hours started with a large gap higher for the USD. On the flip side, large gaps down for CAD, EUR, AUD, GBP, NZD. There was some early support for the yen on the basis of expectations of ‘safe haven’ flow benefiting JPY but USD/JPY has subsequently traded higher.
Of the large gaps down for those currencies, any gap fill has been minor only – large holes remain.
Equities in the region have been hit lower, Japan’s Nikkei is down 2.5% or so.
US equity index futures had a large gap lower upon Sunday evening trade opening the week. As I post these are barely off their lows.
Crypto is lower, at one stage ETH/USD was down circa 30%.
Gold is lower.
The Caixin China Manufacturing PMI for January 2025 squeeked in an expansion, its fourth consecutive month, at just 50.1. Employment fell in the sector. Australian retail sales fell in December m/m but not as badly as expected
The USD index:
This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about forexlive asia pacific fx news wrap trump tariff war triggers usd surge risk slump was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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