2329 GMT - AUD/USD has struggled since Donald Trump won the U.S. election in November given that the new administration represents a heightened risk of a trade war, says Kristina Clifton, economist at CBA. China's response to the trade war will be important for the outlook for AUD too, she adds. The annual session of China's National People's Congress is scheduled to open on Wednesday and there's strong expectation that it will announce an increase in government spending to help counteract the impact of higher tariffs on U.S. imports from China, she adds. An unexpectedly large increase in spending would strengthen AUD, NZD and CNH, Clifton says. (james.glynn@wsj.com; @JamesGlynnWSJ)
(END) Dow Jones Newswires
February 26, 2025 18:30 ET (23:30 GMT)
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