The dollar has remained underpinned versus most currencies, bolstering to the USD index (DXY) to a five-week high of 90.78 and pushing EUR-USD to a six-week low of 1.2179. AUD-USD has registered the biggest move in trade so far on the calendar day out of the currencies we track, showing a 0.4% decline, with the Australian dollar underperforming amid reports that Trump is set to announce a 25% tariff on U.S. steel imports. Australian is the world’s biggest export of iron ore, which is the base metal of steel.
Recent News
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