India, July 8 -- The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Tuesday, as Asian markets traded higher following Trump's softened stance on tariff hikes.
U.S. President Donald Trump imposed new tariff rates on partners including Japan and South Korea but left the door open for additional negotiations, saying that the earlier notifications were "not 100 percent firm."
With the deadline for increased duties pushed off until at least Aug. 1, there are mild hopes for deals over punishing tariffs.
Meanwhile, the Trump administration has offered the European Union a proposal that would keep a 10 percent baseline tariff on all EU goods, with some e...