Trade War 2.0 escalates with tariffs imposed and global growth concerns, leading to negative impact.

From Investing.com: 2025-02-04 06:14:00

Trade War 2.0 intensifies with tariffs on Canada, Mexico, and China, as Trump hints at European tariffs. Euro and German stock indices drop. Commodities currencies at risk due to global growth concerns.
AUD/USD faces resistance at 0.6330, signaling a downtrend, while USD/CAD tests resistance at 1.4690. Overbought conditions may lead to a minor pullback. Watch for key support levels to hold. Technical analysis suggests potential bearish scenarios for both currency pairs. Stay tuned for updates on the impact of Trade War 2.0 on the forex market.



Read more at Investing.com: AUD/USD and USD/CAD Slide as Trade War 2.0 Begins, More Pain or a Rebound Ahead?