Australian Dollar Falls Below 60 US Cents, Share Market Slides After Trump Tariffs

Australian Dollar Falls Below 60 US Cents, Share Market Slides After Trump Tariffs

The Australian stock market fell 2 percent on April 9 while the Australian dollar has dropped to less than US60 cents. The benchmark S&P/ASX 200 index is down to 7,351.10 points at the time of writing. This comes as the Trump administration’s reciprocal tariffs, including a 104 percent tariff on China, came into effect at midnight U.S. time on April 9. Close to $50 billion has been wiped off the Australian share market amid fears of a recession …

AUD/USD seems to have enough momentum to test 0.6195 – UOB Group

Sharp rally in Australian Dollar (AUD) seems to have enough momentum to test 0.6195 before leveling off. In the longer run, for the time being, AUD is expected to trade in a 0.6000/0.6290 range, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

Australian National Review - Australian Dollar Falls Below US60 Cents, Share Market Slides After Trump Tariffs

The benchmark ASX 200 index of the top 200 companies in Australia fell 2 percent on April 9. The Australian stock market fell 2 percent on April 9 while the Australian dollar has dropped to less than US60 cents. This comes as the Trump administration’s reciprocal tariffs, including a 104 percent tariff on China, came into effect at midnight U.S. time on April 9. Close to $50 billion has been wiped off the Australian share market amid fears of a…