0357 GMT - While AUD/USD largely survived Monday's tech rout, perhaps benefiting from Australia's reputation as not being a global tech leader, the pair is very much regarded as one of the biggest losers in a global trade war, says Sean Callow, senior currency analyst at InTouch Capital Markets. So it has taken took a hit on a report that the U.S. was considering a universal tariff, which U.S. President Trump promises will be "much bigger" than the reported initial 2.5%, he adds. AUD/USD's sharpest moves, in both directions, since Trump's inauguration have come from markets attempting to divine his intentions on tariffs, Callow notes. AUD/USD is trading near 0.6255 having ended last week at 0.6314. (james.glynn@wsj.com ; @JamesGlynnWSJ)
(END) Dow Jones Newswires
January 27, 2025 22:57 ET (03:57 GMT)
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