Australian dollar pops 0.7900, USD/JPY on its lows now too

Author: Eamonn Sheridan | Category: News

The early Asia currency moves continue, more losses for the USD

Dunno how long the AUD might continue its outperformance .... this just in:
  • US Commerce Secretary Ross submitted to Trump results of probe into national security impact of steel imports

Protectionism not a positive for the AUD

  • Commerce department says Trump has 90 days to decide on any potential action based on findings of section 232 steel probe
  • Commerce department statement offers no information about the findings of its section 232 steel import probe
  • White House says Trump will announce his decision on section 232 steel import probe report "at the appropriate time"

Headlines via Reuters