India, March 13 -- The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Thursday, as concerns about the impact of the ongoing trade war continue to weigh on the markets.
U.S. President Donald Trump escalated global trade tensions by threatening more tariffs on EU goods. Trump also hinted at financial repercussions if Russia rejects the Ukraine ceasefire proposal. Trump's steel and aluminum tariffs took effect on Wednesday, raising fears of a widening global trade war.
In economic news, data from the Australian Bureau of Statistics showed that the total number of building permits issued in Australia increased as initially estimated in January. Building c...