The Australian dollar is (oddly) rising – what does ‘sell America’ sentiment have to do with it?
by Jonathan Barrett from US news | The Guardian on (#731MR)
So much for the Trump trade' - investors are moving money out of US assets amid tariff disputes, attacks on the Federal Reserve and concerns over government debt levels
Get our breaking news email, free app or daily news podcast
When Donald Trump threatened tariffs on European allies during the Greenland dispute, the Australian dollar increased in value against its US counterpart.
The movement was odd, given the Australian currency typically falls during periods of global unease.
Continue reading...