WSJ reports that US plans to raise tariffs in China and AUD / USD exceeds 0.72

In a recently released report, the Wall Street Journal said US authorities were discussing the possibility of raising tariffs on Chinese imports in an effort to calm markets and "urge Beijing to do bigger things. concessions in a commercial battle that shook economies. "

With the initial market reaction, the trade-sensitive currencies, AUD and NZD, both gained about 100 pips from the USD. At the time of writing, the AUD / USD was trading at 0.7220, adding 0.75% on a daily basis.