The AUD/USD has stepped into 0.7360 following Wednesday's decline, and is heading into the overnight session with a firm bearish bias as the Greenback surges across the board, bolster4ed by renewed trade war fears. US President Donald Trump is determined to see a trade war with China through to the end, and the US is set to begin imposing further tariffs on China, with another raft of import duties set to be imposed on a further $200 billion USD of Chinese goods within the coming weeks. Last Friday's reciprocal tariffs between the US and China saw neither side willing to back down, and Trump is doubling-down on his efforts to force economic concessions out of the world's second-largest economy. Fears of a ramping up trade war have taken the wind out of bulls' sails, leaving market flows in full reverse as commodities and major equity indexes slump. (source: fxstreet)