Feeling Risky

NAB Morning Call · Feb 25, 2025 · 15m

Wednesday 26th February 2025

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This morning the Aussie dollar is down whilst safe haven currencies have risen, as markets start to assess the risk of US tariffs. A lot of f the moves in the last 24 hours relate to Trump’s comments that Canada and Mexico are due to see their 25% import from 3rd March. Steel tariffs are then scheduled to follow on the 22nd, then broader reciprocal tariffs from April. NAB’s Tapas Strickland says Alcoa’s CEO has warned that 100kUS industry jobs could be at risk from tariffs…