Australian Dollar loses ground following fresh Trump tariff threats

The Australian Dollar declines as market sentiment deteriorates amid fresh tariff threats from US President Donald Trump. Australia’s Wage Price Index increased by 0.7% QoQ in Q4 2024, missing the expected 0.8% rise. Hawkish remarks from Federal Reserve officials bolster the US Dollar. The Australian Dollar (AUD) continues to weaken against the US Dollar (USD) … Read more

WTI extends upside above $71.50 on supply hits

WTI price trades in positive territory near $71.70 in Wednesday’s early Asian session.  Supply disruptions mounted in Russia boost the WTI price.  Concerns over a potential global trade war might cap the upside for WTI.  West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $71.70 during the early Asian session on Wednesday. The WTI price … Read more

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