- The Australian dollar could move on when the US dollar fights because the Fed beige book suggested that the economic conditions weaken.
- Westpac believes that the RBA will reduce interest rates by 25 base points at the May 20 meeting.
- The US dollar decreased after the appearance of the S&P Global Purchase Managers Index on Wednesday.
The Australian Dollar (AUD) will persist on Thursday after two consecutive losses. AUD/USD pair saw the benefits when the US Dollar (USD) faces pressure after the Federal Reserve (Fed) beige book suggested that the economic conditions weaken.
According to the federal April beige book outlook In many regions of the United States (USA). Consumer spending was a mixed picture, while the labor market showed signs of softening, many districts reported a flat or slightly decreasing level of employment.
Westpac believes that the Australian Reserve Bank (RBA) will reduce interest rates by 25 base points at the May 20 meeting. In recent quarters, RBA's political decisions have been largely dependent on the data, making it a challenge for the project to project the board after the forthcoming certainty.
US President Donald Trump said China to decide how quickly tariffs can be reduced. Trump mentioned that the US sets the tariff prices For China for the next two to three weeks. “If we do not reach the deal, we simply set the price – then it is their job to decide whether they want to continue,” he said. He also noted that China is not doing business with the US right now, adding that the tariff is still 145%. Hassett, Director of the National Economic Council, said Wednesday that a full Chinese-US trade transaction could take 2-3 years.
The preliminary data of the Australian judo bank showed Wednesday that the private sector's activities grew by the seventh month in April, supported by the continued expansion of both production and services.
Australian dollar is muted because US dollar fights after mixed PMI data
- The US Dollar EXC (DXY), which measures USD relative to six main currencies, the edges are lower after recording profits of the previous two consecutive sessions, while trading at 99.60 while writing. Greenback stood after the release of the S&P Global Borting Managers index (PMI) after Wednesday.
- Flash S&P Global composite PMI fell from 53.5 to 51.2 in April, indicating a slowdown in general business. Although up to 50.7 in the production ridge, PMI services fell sharply from 54.4 to 51.4, providing demand for softening in the services sector.
- Chris Williamson, S&P Global, commented that the growth of growth loses steam, while permanent inflationary pressure continues to make the efforts of the federal reserve to achieve balance.
- US Treasury Secretary Scott Bessent admitted on Wednesday that the current tariffs – 145% of Chinese goods and 125% of US goods – are sustainable and must be started for meaningful dialogue.
- Kevin Hassett, Director of the National Economic Council President Trump's main economic adviser, said that there are 14 meetings planned for foreign trade ministers. Hassett also noted that 18 written proposals have been received from these ministers. According to Hassetti, China is still open to negotiations.
- The mood of the market was enhanced by US President Donald Trump, who reassured investors that he had no intention of removing the Federal Reserve (Fed) Chairman Jerome Powell, helping to alleviate the concerns about the independence and political direction of central banks.
- The White House announced on Tuesday that the Trump administration is ongoing to negotiate transactions to alleviate the wide tariffs introduced at the beginning of this month. According to US press secretary Karoline Leavitt, 18 countries have already submitted trade proposals to the United States, and President Trump's trade team is planned to meet with representatives of 34 countries this week to investigate possible contracts.
- Judo Bank Manufacturing PMI was 51.7 in April, compared to 52.1 in March. As the production capacity remained in the extension area, the increase in new orders was modest. Meanwhile, the PM fell from 51.6 to 51.4 last month to 51.4, and the compound pm also rose to 51.6 to 51.4.
Australian dollar tests 0.6350 support for nine days near mother
AUD/USD pair trades on Thursday near 0.6360, with technical indicators every day chart Bullish tone reflection. The couple continues to keep over nine-day exponential moving average (mother), while the 14-day relative strength index (RSI) remains uniform over 50, indicating a steady rise.
The fourth will see immediate resistance at a recent four -month level of 0.6439 marked on 22 April. A decisive pause for this level can pave the way to the rally to the highest height of 0.6515.
AUD/USD pair Trying immediate support for nine days at Mom 0.6346, stronger support near the 50-day mother 0.6296. A steady decline below these levels would damage the bullish setting and could cause deeper losses, potentially exposing the lowest March 2025 in the lowest of about 0.5914.
AUD/USD: daily chart
Australian Dollar Price Today
The table below shows the percentage of the Australian Dollar (AUD) on the main currencies listed today. The Australian dollar was the weakest of Japanese yen.
| Dollar | EUR | Gbp | Jpy | Kadi | Audio | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| Dollar | -0.18% | -0.11% | -0.40% | -0.09% | 0.02% | -0.10% | -0.24% | |
| EUR | 0.18% | 0.07% | -0.23% | 0.09% | 0.18% | 0.08% | -0.05% | |
| Gbp | 0.11% | -0.07% | -0.28% | 0.02% | 0.12% | 0.01% | -0.12% | |
| Jpy | 0.40% | 0.23% | 0.28% | 0.30% | 0.42% | 0.27% | 0.22% | |
| Kadi | 0.09% | -0.09% | -0.02% | -0.30% | 0.14% | 0.00% | -0.14% | |
| Audio | -0.02% | -0.18% | -0.12% | -0.42% | -0.14% | -0.11% | -0.25% | |
| Nzd | 0.10% | -0.08% | -0.01% | -0.27% | -0.01% | 0.11% | -0.11% | |
| Chf | 0.24% | 0.05% | 0.12% | -0.22% | 0.14% | 0.25% | 0.11% |
The heat card shows the percentage of the main currencies relative to each other. The basic currency is selected from the left column, but the quote currency is selected from the upper row. For example, if you choose an Australian dollar from the left column and move the horizontal line to the US dollar, the percentage change in the box marks AUD (base)/USD (quote).
Australian Dollar Fuck
One of the most important factors in the Australian Dollar (AUD) is the level of interest rates set by the Australian Reserve Bank (RBA). As Australia is a resource -rich country, the second key manager is the price of its largest export, iron ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as Australian inflation, its growth rate and trade balance. Market minds-investors accept more risky assets (risk-on) or are looking for safe Haven (risk-field) -s factor, which is a positive risk for AUD.
The Australian Reserve Bank (RBA) affects the Australian dollars (AUD), setting Australian banks to borrow to each other. This affects the level of interest rates for the entire economy. The main purpose of the RBA is to maintain a stable inflation rate of 2-3%by adjusting the interest rates up or down. Relatively high interest rates compared to other major central banks support AUD and the opposite relatively low. Quantitative alleviation and effort with the former AUD negative and another can also be used to influence the credit conditions.
China is the largest trading partner in Australia, so the health of the Chinese economy is a significant impact of the Australian dollar value (AUD). If the Chinese economy is doing well, it buys more raw materials, goods and services in Australia, raising the demand for AUD and pushing its value. The opposite is that the Chinese economy does not grow as fast as it was thought. Therefore, positive or negative surprises of Chinese growth data are often a direct impact on the Australian dollar and its couples.
Raudmaa ore is the largest export of Australia, which, according to the 2021 data, is $ 118 billion a year, which is the main destination of China. Therefore, the price of iron ore may be the Australian dollar leader. In general, AUD also rises the price of iron ore as the demand for all currency is increasing. The opposite is the case when the price of iron ore falls. Higher prices for iron ore also cause Australian positive trade balance, which is also positive for AUD.
A trade balance, which is a difference between what the state earns from its exports compared to what it pays for imports is another factor that can affect the value of the Australian dollar. If Australia produces highly coveted exports, it becomes a purely surplus demand from foreign buyers who want to buy their exports compared to what it spends to buy imports. Therefore, the positive net trade balance is strengthened by the AUD if the trade balance is negative.
