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November 8, 2024

AUD/JPY drops to near 101.50 as Aussie struggles due to fears over Trump tariffs on China

AUD/JPY retraces its recent gains from the previous session, trading around 101.60 during the early European hours on Friday. The Australian Dollar (AUD) lost ground due to concerns about Donald Trump’s proposals to raise tariffs on Chinese goods, given that Australia is one of the largest exporters to China.

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