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Trump tariffs hit risk appetite

AUDJPY News by Newsroom on 03:35 July 11, 2018 EST

A risk off session across the financial markets in Asia on Wednesday morning amid a round of fresh threats by the Trump administration to impose additional tariffs on $ 200 billion Chinese imports. The traditionally percieved risk on crosses were hit the hardest but the safe-havens such as the Yen and gold failed to benefit from risk-aversion. The US dollar was broadly underpinned.

The Aussie was the biggest loser and China stocks dropped by 2%, both recover some territory as the Asian session comes to an end.