The Aussie dollar, stocks, crypto have been smashed as Trump starts trade war
Aussie shares retreat heavily along with the Aussie dollar and cryptos as Trump orders tariffs. A$ hits five-year low. Tariffs biggest trade shock since 1930s: RBC. Cettire "assessing" US tariff changes. Anna Bligh to vacate ABA's top job.
That's all from the Trading Day blog for Monday, February 3. The Aussie dollar, stocks and crypto have been smashed as the US dollar soars after US President Donald Trump signed executive orders placing tariffs on China, Canada and Mexico.
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Cryptocurrency market leader bitcoin has also dropped, and is currently trading below $US94,000.
The Aussie dollar is trading around US60.96c.
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