Another week starts with tariff threats. This time, everyone that applies tariffs to the US will be hit back with the same tariffs, and all aluminium and steel imports to the US – no matter from whom – will face a 25% tariff.
Mood this Monday in Asia is pretty mixed – to say the least. Aluminum and iron ore futures are slightly down, the US dollar index is up and the commodity currencies like Aussie and Loonie opened the week with a gap but the AUDUSD recovered early losses. The swift recovery in Aussie was certainly due to the encouraging Chinese data that showed that inflation advanced to the highest level in five months thanks to increased spending during the Chinese New Year holiday.
Elsewhere, Friday’s jobs data from the US was all but ideal for the so-called goldilocks scenario. Plus, the latest data from the Fed on Friday...










