Trade War 2.0 may trigger a stagflation narrative as it involves not only US-China trade but with other major trading partners.
Commodities currencies may face further headwinds due to deteriorating global economic growth prospects.
Watch the 0.6330 key medium-term resistance on the AUD/USD and the 1.4300 key medium-term support on the USD/CAD.
On 1 February, US President Trump officially “fired” his flagship trade tariffs policy by imposing 25% tariffs on goods from Canada and Mexico and a 10
04-02-2025 05:56 GMT
by Kelvin Wong