AUD/USD flows: Risk Stays Sour

The risk appetite remains sour as it looks like the U.S. tariffs on Canada and Mexico looks set to be imposed, while Canada is going to retaliate with 25% on 30 billion CAD U.S. import and Mexico is not responding yet . Trump also mentioned increasing the tariff on China to 20% which creates more uncertainty in the market.

Major equity indexes are all in the red and see AUD/USD down 0.47% to 0.6195.