AUD Vulnerable as Market Await 'Peak Tariff' -- Market Talk
Dow Jones
Mar 03, 2025
2131 GMT - Currency traders are on watch for further news of plans by the Trump administration to impose tariffs on U.S. trading partners. Joe Capurso, economist at CBA, says AUD/USD will be one of the currency pairs most at risk, with a push to support of 0.6088 likely if trade tensions build. The pair currently trades around 0.6213. Markets don't believe that "peak tariff" has been reached, he adds. All major currency pairs with AUD are likely to be affected this week given Australia's position as a key commodities exporter, he adds. (james.glynn@wsj.com; @JamesGlynnWSJ)
(END) Dow Jones Newswires
March 02, 2025 16:31 ET (21:31 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.