Published: 2025-07-07T04:16:44.000Z
AUD/USD flows: Choppy Start

FX Analyst
3
Risk asset opened higher and chopped lower on Trump's tariff comment
Over the weekend, we have renewed geopolitical tension around the red sea, OPEC increasing oil output and Trump's "unofficial" extension of tariff negotiation. market reacted by opening bids of risk asset and offering oil. As session progress, Trump's remark "Any Country aligning themselves with the Anti-American policies of BRICS will be charged additional 10% tariffs", cooled market optimism. U.S. major equity indexes are still higher than Friday's close while regional equities are in the red.
AUD/USD is down 0.58% lower at 0.6516.