Australian dollar plunges, ASX drops as fears of trade war spread over Donald Trump’s tariffs | Business newsthirst.
The Australian dollar plunged to pandemic-era lows, the ASX fell and crypto prices were smashed as investors scrambled on Monday to prepare for a global trade war sparked by Donald Trump’s new tariff regime. Traders even cashed out of gold, a historical safe haven, in a push to raise cash reserves to protect against what…