The Australian dollar is lower

THE Australian dollar is lower against the US dollar after Donald Trump’s surprise decision to slap tariffs on Canadian lumber.

THE Australian dollar is lower against the US dollar following the surprise decision by US President Donald Trump to slap tariffs on Canadian lumber entering the US.

At 0630 AEST on Wednesday, the Australian dollar was worth 75.34 US cents, down from 75.69 US cents on Tuesday.

Westpac senior market strategist Imre Speizer said President Trump’s unexpected move has investors concerned about the next possible target.

“That being the case, who’s next, what countries and what products might be next. And so pretty much all the commodity currencies, New Zealand and the South American ones included got hurt overnight,” Mr Speizer told AAP on Wednesday.

CURRENCY SNAPSHOT AT 0630 AEST ON WEDNESDAY

One Australian dollar buys:

* 75.34 US cents, from 75.69 on Tuesday

* 83.72 Japanese yen, from 83.08 yen

* 68.90 euro cents, from 69.65 euro cents

(*Currency closes taken at 1700 AEST previous local session)