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…

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Asian currencies weaken as U.S. dollar strengthens after Trump levies tariffs newsthirst.

Nurphoto | Nurphoto | Getty Images Asian currencies weakened sharply Monday as the U.S. Dollar rallied after U.S. President Donald Trump slapped tariffs on several countries over the weekend. The dollar index — which measures the value of the greenback against several major global currencies — spiked 1.11% to 109.58. The Chinese offshore yuan dropped…

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Asian currencies weaken as U.S. dollar strengthens after Trump levies tariffs newsthirst.

Nurphoto | Nurphoto | Getty Images Asian currencies weakened sharply Monday as the U.S. Dollar rallied after U.S. President Donald Trump slapped tariffs on several countries over the weekend. The dollar index — which measures the value of the greenback against several major global currencies — spiked 1.11% to 109.58. The Chinese offshore yuan dropped…

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Oil prices could fall after Trump tariffs spark initial energy price spike newsthirst.

Oil field, Alberta, Canada Norm Betts | Bloomberg | Getty Images Oil prices are likely to fall in the longer run after the initial jump following President Donald Trump’s implementation of hefty tariffs on Canada, Mexico and China, said industry watchers.  Over the weekend, Trump followed through on his long-threatened 25% tariffs on imports from…

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