Australian dollar jumps to 68 cents as Trump’s Greenland tariff threat hammers the US dollar
The Australian dollar surged to 68 U.S. cents Wednesday, its highest close since October 2024, as the U.S. dollar weakened on President Trump’s new tariff threats linked to Greenland. Wall Street’s S&P 500 fell 2.06%, its worst day in three months, while gold hit a record above $4,700 an ounce. Denmark’s AkademikerPension plans to sell $100 million in U.S. Treasuries, citing debt and political risks.