Down Under's Dollar Takes a Trump-Sized Tumble
Key Points
- Australia's unemployment rate rose to 4.1% in January, showc...
Just as Australians were getting comfortable with their morning flat whites, the nation's economy decided to serve up a bitter espresso shot of reality. The Australian Bureau of Statistics has reported that unemployment jumped to 4.1% in January, up from December's 4.0%, proving that even paradise has its paperwork problems.
Trump's Tariff Tizzy Makes Waves
The Australian dollar sank faster than a tourist's hopes of seeing a kangaroo in downtown Sydney, hitting 0.6340 against the USD. Former President Trump's renewed threats of 25% tariffs on foreign cars, electronics, and pharmaceuticals ...
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