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"The pause on tariffs above 10% on dozens of countries, excluding China, has sparked a dramatic market rally, with the S\u0026P/ASX 200 expected to rise above 7,850 points. The move has added hundreds of billions of dollars in value to Australian shares, taking the index back to levels recorded one week ago. The Australian dollar has also recovered, rising to US61.5c."
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"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqn5e52z27npk7mxhhynfx4rzmaczshltptse0chnknqdq38rjqz8q3cttcd\nhttps://i.guim.co.uk/img/media/90421297c96be9a90f8465d6e959d4375ba4e314/0_184_5527_3316/master/5527.jpg?width=140\u0026quality=85\u0026auto=format\u0026fit=max\u0026s=f903116604f952c75dc623cd4238b5e5\nAustralian dollar recovers ground, rising to US61.5c after threatening to plunge below US59c earlier this weekElection 2025 live updates: Australia federal election campaignGet our afternoon election email, free app or daily news podcastDonald Trump’s decision to pause steep tariffs against most nations has ignited a share market rally set to erase most of the losses suffered over the past week, even as Australia grapples with how to navigate an escalating trade war between the world’s two biggest economies.Wall Street soared overnight after Trump unveiled a 90-day pause on tariffs above 10% on dozens of countries, with the notable exception of China.Sign up for the Afternoon Update: Election 2025 email newsletter Continue reading...\nhttps://www.theguardian.com/business/2025/apr/10/asx-expected-to-lift-amid-trump-tariff-pause-despite-no-change-to-us-levies-on-australia",
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