AUD/USD attracted buyers on Friday after President Trump suggested a trade agreement with China remains within reach, reinforcing a risk-on mood. The pair advances to 0.6315, heading for its first weekly gain in three weeks. Meanwhile, renewed speculation regarding additional Federal Reserve (Fed) rate cuts in 2025 continues to undermine the US Dollar, providing an added lift to the Aussie.
The Greenback falls to a one-month trough as markets price in the prospect of further Fed easing by year-end. In addition, President Trump's statements about immediate interest rate cuts contribute to the latest downside in the USD.
The Reserve Bank of Australia's (RBA) possible rate cut in February and subdued economic growth might limit the Aussie's upside.
On the US front, the S&P Global Composite PMI decelerates to 52.4 from 55.4, with Manufacturing climbing to 50.1 and Services dipping to 52.8. Analysts note rising optimism in the manufacturing sector, expecting supportive policies under the Trump administration.
The US President signals reluctance to levy tariffs on China, citing that a trade pact could be finalized. He also reiterates grievances about trade deficits with various nations, including Canada, while calling on OPEC to lower crude oil prices.(Cay) Newsmaker23
Source: Fxstreet
AUD/USD firms as traders brace for Australia Q3 inflation data and Fed decision The Australian Dollar (AUD) edges higher against the US Dollar (USD) on Tuesday, extending its winning streak for the f...
The Australian dollar (AUD) rose to around $0.656 on Tuesday, its highest level in nearly three weeks. This increase was primarily due to the weakening US dollar (greenback). US market participants aw...
The Australian dollar strengthened against the US dollar on Wednesday, recouping the previous session's losses. This boost came from comments by RBA Assistant Governor Sarah Hunter: recent data appear...
The Australian dollar (AUD) strengthened to around 0.6530 against the US dollar (USD) in the Asian session on Monday, after falling more than 1% in the previous trading session. This strengthening occ...
The Australian dollar strengthened to around $0.657 on Friday (October 10), rebounding from a nearly two-week low. This gain came after RBA Governor Michele Bullock struck a cautious tone: services in...
At the post-meeting press conference, Fed Chair Jerome Powell explained why policymakers had decided to lower the Federal Funds Target Range (FFTR) to 3.75%–4.00% after the October meeting and took questions from reporters about the move. Chief...
The Federal Reserve lowered the federal funds rate by 25 bps to a target range of 3.75%–4.00% at its October 2025 meeting, in line with market expectations. The move followed a similar cut in September, bringing borrowing costs to their lowest...
The US dollar moved steadily, tending to strengthen slightly on Wednesday, October 29, 2025, after briefly touching its weakest level in about a week. The dollar index (DXY), which measures the greenback's strength against six major currencies, was...
Asian stock markets opened higher on Wednesday (October 29th), buoyed by positive sentiment from Wall Street. Investors are confident that the...
The European session on Tuesday, October 28, 2025, opened on a more cautious note. After consecutive rallies and a new record on the STOXX 600...
European stocks continued to strengthen on Monday, October 27, 2025, as markets grew more confident after the US and China announced they had a...
Federal Reserve policymakers are widely expected to reduce U.S. short-term borrowing costs this week by a quarter of a percentage point for the...