Pressure could mount on Australian dollar

There appears to be little respite ahead for the beleaguered Australian dollar, which tumbled to a 20-month low over the weekend as the Trump administration continued to pummel both its traditional trading friends and foes.

In a short window, on and apparently off the record, President Donald Trump last week hammered Canada, rejected the European Union and threatened China. And Mr Trump also refreshed his disdain for the World Trade Organisation.