DXY is back on tariff talk.
AUD was poleaxed on the same.
Lead boots were made for sinking.
Gold needs a bigger pullback. Oil needs to break down.
Goldman has wrecked the world’s most important metal.
Big miners into the pit.
EM meh.
Junk meh.
Yields up.
Stocks down.
The Mad Man is back. Bloomberg.
President Donald Trump said 25% tariffs on Canada and Mexico are on track to go into place on March 4, and said he would impose an additional 10% tax on Chinese imports, moves that would deepen his fight with the nation’s largest trading partners.
The president paused the sweeping duties on Canada and Mexico on Feb. 3 for one month after both countries’ leaders announced new border security measures. But the US president had recently sowed confusion about whether they would take effect once the grace period ended.
Trump said Thursday in a social media post that drugs from the US’s North American neighbors are still entering “at very high and unacceptable levels.”
I guess that means no deal.
While the Mad Man rains his tariffs, AUD has no chance.
