The Australian Dollar (AUD) crashes to Five year lows, 1 cent away from the pandemic crash (AUD) of 2020. Mostly due to Trump's global Trade War and China recession, sending the USD upwards and its FX peers downward. Rule of thumb: currency is a country's share price.

 

News:

• Aussie dollar crashes to Five-year low as experts reveal grim predictions - news.com.au

• US President-elect Trump: Washington Post story that I'll pare back my tariff policy is wrong - FX Street

• China slowdown to rip $8.5b from federal budget: Chalmers - FR

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Please refer to what I wrote on Sept 11 2024, re: AUD omen: chiasmusmagazine.blogspot.com/2024/09/australian-dollar-versus-us-dollar.html