There is a strong link between the China-U.S. axis of Donald Trump's global trade war and the Australian Dollar.
The Australian Dollar is stabilising near long-term lows against the Pound and Euro while extending a nascent recovery against the U.S. Dollar.
The Pound-to-Australian Dollar exchange rate (GBP/AUD) is ready to pull back and unwind from overbought conditions.
The Australian Dollar's 2025 spell of outperformance could extend through March.