- The Australian dollar is depreciated because consumer optimism requires further relaxation.
- In August at 98.5, which is the highest level since February 2022, in August 98.5 jumped Australian confidence of WestPac consumers by 5.7%.
- President Trump launched preparatory steps for a trilateral meeting with Russian President Putin and Ukrainian President Zelenkyy.
The Australian dollar (AUD) expands its losses to the second consecutive session on Tuesday. A couple of AUD/USD Despite the improved confidence of Westpac consumers, which increased by 5.7% to 98.5 in August, after an increase of 0.6% in July in August. Since February 2022, this sentiment has reached maximum because the Australian Reserve Bank (RBA) has brought a reduction in rates in the total amount of 75 basis points.
Matthew Hassan, the head of an Australian macro forecast, said that the long -term period of consumer pessimism may end, although maintaining dynamics could require further relaxation. However, he stressed that politicians are not under immediate pressure on further cuts.
A couple AUD/USD is depreciated because the US dollar (USD) is constantly improving in geopolitical development. US President Donald Trump has launched steps to prepare for a trilateral meeting between Russian President Vladimir Putin, Ukrainian President Volodymyr Zlenskyy and at some point alone. Trump also said that Putin agreed to accept security guarantees, and it is necessary to discuss possible exchanges of the territory.
The Australian dollar drops when the US dollar has become in the middle of geopolitical development
- The US dollar index (DXY), which measures the value of the US dollar against six main currencies, gains land for the second consecutive session and trades around 98.20 at the time of writing. Traders are waiting for the economic policy symposium Jackson Hole, with a speech by chairman Jerome Powell chairman for leadership in September.
- Ukrainian President Volodymyr Zelenkyy Late Monday emphasized the need for real peace and welcomed us to involve in security guarantees. Zeletskyy also confirmed the main American plans for the purchase of weapons. In addition, US Secretary of State Marco Rubio said on Tuesday that it will cooperate with European allies and non -European countries on security guarantees for Ukraine.
- Trump’s administration has expanded its 50% tariffs on imports of steel and aluminum, in force on 18 August. Friday’s announcement included 407 new product codes in American harmonized tariff schedule. US President Donald Trump also told reporters that he intends to issue further announcements of steel tariffs, along with new fees aimed at importing semiconductors.
- Recent economic data from the US maintain an intact prior tone surrounding the view of the US federal reserve policy (Fed). Fedwatch CME suggests that markets are determined in 84% probability that in September it will reduce the rate by 25 basis points.
- US Finance Minister Scott Bessnt said on Wednesday that short -term Fed interest rates should be 1.5-1.75% lower than the current reference value at 4.33%. Bessnt added that there is a great chance that the central bank could decide in September to reduce the rate of 50 basis.
- US Finance Minister Scott Bessnt said on Wednesday that US and Chinese business officials would meet again over the next two to three months to discuss the future of their economic ties. “The US would have to see permanent progress in limiting fentanyl flows from China, potentially over months or even a year to consider a decrease in tariff,” Bessent said.
- Reserve Bank of Australia (RBA) brought an interest rate on Tuesday, as expected, thereby raising the official cash rate (OCR) to 3.85% at the August policy meeting.
The Australian dollar is moving below the Confluence zone around 0.6500
AUD/USD is traded around 0.6490 on Tuesday. Technical analysis daily diagram It suggests that the short -term momentum of the price is weaker because the couple is located below the nine -day exponential gliding diameter (EMA). In addition, the 14 -day relative force index (RSI) remains below 50 levels, indicating that market bias is bearish.
On the other hand, the AUD/USD can navigate in the region around a two -month minimum of 0.6419, recorded in August 1, followed by a three -month minimum of 0.6372.
The immediate barrier occurs at a psychological level of 0.6500, in accordance with a 50 -day EMA at 0.6502 and nine -day EMA at 0.6503. Break over this key resistance zone could improve the momentum of medium and short -term prices and support a couple focusing on the monthly maximum to 0.6568, reached August 14, followed by a nine -month maximum 0.6625, which was recorded on July 24.
AUD/USD: Daily Chart
Australian price of dollar today
The table below shows the percentage change in the Australian dollar (AUD) against the main currencies. The Australian dollar was the weakest against the Japanese yen.
| USD | Eur | GBP | Jy | CAD | Auditorium | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.06% | -0.02% | -0.04% | 0.00% | 0.12% | -0.03% | -0.11% | |
| Eur | 0.06% | 0.03% | -0.10% | 0.08% | 0.08% | 0.04% | -0.04% | |
| GBP | 0.02% | -0.03% | -0.28% | 0.04% | 0.10% | 0.00% | -0.08% | |
| Jy | 0.04% | 0.10% | 0.28% | 0.14% | 0.25% | 0.06% | 0.02% | |
| CAD | -0.01% | -0.08% | -0.04% | -0,14% | 0.11% | -0.04% | -0.12% | |
| Auditorium | -0.12% | -0.08% | -0.10% | -0.25% | -0.11% | -0.09% | -0,17% | |
| NZD | 0.03% | -0.04% | -0.00% | -0.06% | 0.04% | 0.09% | -0.08% | |
| CHF | 0.11% | 0.04% | 0.08% | -0.02% | 0.12% | 0.17% | 0.08% |
The heat map shows the percentage changes in the main currencies against each other. The basic currency is selected from the left column, while the currency of the menu is selected from the upper row. For example, if you choose an Australian dollar from the left column and move along the horizontal line to the US dollar, the percentage change displayed in the box will be AUD (Base)/USD (quote).
Australian Dollar Questions
One of the most important factors for the Australian dollar (AUD) is the level of interest rates set by the Australian Reserve Bank (RBA). Because Australia is a country -rich country, another key driver is the price of his greatest export, iron ore. The health of the Chinese economy, its largest business partner, is a factor and inflation in Australia, its growth rate and business balance. A factor is also the sentiment on the market-VZDA Investors take over risk asset (risk) or seek safe-havens (risk-off) -s risk positive on AUD.
The Australian Reserve Bank (RBA) affects the Australian dollar (AUD) by determining the level of interest rates that Australian banks can borrow each other. This affects the level of interest rates in the economy as a whole. The main objective of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other main central banks support AUD and the opposite of relatively low. RBA can also use quantitative release and tightening to influence credit conditions, with former audio and second audio.
China is the largest Australian business partner, so the health of the Chinese economy has a major impact on the value of the Australian dollar (AUD). When the Chinese economy is doing well, it buys more raw materials, goods and services from Australia, it increases the demand for AUD and increases its value. On the contrary, there is a case where the Chinese economy does not grow as quickly as expected. Therefore, a positive or negative surprise of Chinese growth data often have a direct impact on the Australian dollar and its couples.
Iron Ruda is the largest Australian export, which, according to 2021 data, represents $ 118 billion a year, with China its primary goal. The price of iron ore can therefore be the driver of the Australian dollar. In general, if the price of iron ore increases, the AUD also rises as the aggregated demand for currency increases. On the contrary, there is a case if the price of iron ore decreases. Higher Iron Ruda prices also tend to result in more likely a positive trade balance for Australia, which is also positive on AUD.
The trade balance, which is a difference between what the country earns from its exports to what it pays for its import is another factor that can affect the value of the Australian dollar. If Australia creates a highly sought -after export, then its currency will gain value purely from excess demand created from foreign merchants trying to buy their exports compared to what it spends on the purchase of imports. Therefore, a positive net business balance is strengthened by AUD, with the opposite effect if the trade balance is negative.
