AUD/USD falls to to its lowest since early 2020

The Australian dollar is a casualty of the news over the weekend:

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

Since then:

• Goldman Sachs: We think Canada and Mexico tariffs are likely to be short-lived
• Trump and Dump
• Early Monday – Trump tariffs slam Stocks, surge the USD
• New 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 cuts
• Australia retail sales December 2024 -0.1%% m/m (expected -0.7%)

Update:

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