AUD/USD keeps the red, flirting with YTD lows near 0.6300 in the Asian session on Wednesday. A cautious market mood and China's economic woes weigh negatively on the pair even as the US Dollar slips ...
If the U.S. economy were in recession, Trump's antipathy to trade deficits might be more on point. A trade deficit means that domestic residents are spending more on goods from abroad than they sell.