Aussie Falls Prey to Trump Trade. Forecast as of 23.07.2024

A resumption of trade wars could halve China's economic growth. The currencies of trading partner countries will be the main victims. Should we be surprised by the fall of the AUDUSD pair? Let's discuss this topic and make a trading plan.Highlights and key points The Trump trade dominates monetary policy. The currencies of China's trading partner countries suffer. Carry-trade does not help the aussie as the yen strengthens. As long as AUDUSD is trading below 0.665, short trades can be considered