Financial markets will be looking to the White House for direction again as its actions stoke worries about wars of the military and currency variety.

The US Dollar may rebound as the impact of President Trump’s jawboning recedes and signs of a political accommodation with Russia and North Korea appear plausible.

Looking ahead, though, the Aussie is generally one of the first currencies to suffer when traders decide to limit their risks by seeking havens such as the Yen & gold. And it would be unwise at the moment to rule out a rise in risk-off sentiment given the ongoing turmoil in Syria, the approach of the French elections and – particularly – the belligerence of North Korea.
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