Sunday, 03 August 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Australian Dollar softens as RBA cut bets and trade tensions weigh, US NFP looms
Friday, 7 February 2025 04:00 WIB | AUD/USD |AUD/USD,

Aussie dips near 0.6280 amid trade gloom,RBA likely to cut rates to 4.1%, capping Aussie gains.
Markets await US labor data for fresh momentum,Soft Trade Balance data from Australia also affected the Aussie.
The Australian Dollar (AUD) softens to around 0.6280 in Thursday's American session, tallying nearly 0.30% losses. Expectations of a Reserve Bank of Australia (RBA) rate cut and revived United States (US)-China tariff anxieties hamper the pair's upside. Meanwhile, attention shifts to the United States labor market report on Friday, with the Aussie bracing for further volatility.
On the local front, Australia's trade surplus shrank to 5,085M in December from 6,792M, below expectations of 7,000M, as exports rose just 1.1% while imports surged 5.9%.

Markets now price a 95% chance of an RBA rate cut from 4.35% to 4.10%, undermining the Aussie's resilience.
US President Donald Trump floats the idea of higher tariffs on the Eurozone and China, pressuring the China-linked Australian Dollar.
The US Dollar finds support from hawkish Federal Reserve expectations, although weaker labor data could curb USD demand.
Investors are now focusing on Friday's Nonfarm Payrolls report, projected to show 170,000 new jobs in January, down from December's 256,000.
Jobless Claims raised concerns as Initial claims rose to 219,000, surpassing expectations of 213,000 and up from last week's 208,000, signaling potential labor market softening.
Continuing jobless claims increase to 1.886 million, above the forecast of 1.87 million.(Cay) Newsmaker23

Source: Fxstreet

RELATED NEWS
AUD/USD slips despite soft NFP as RBA rate cut...
Saturday, 2 August 2025 05:28 WIB

The Australian Dollar (AUD) remains under pressure against the US Dollar (USD) on Friday, giving back most of its earlier gains despite broad weakness in the Greenback following a disappointing Nonfar...

AUD/USD slips despite soft NFP as RBA rate cut bets keep Aussie pressured...
Saturday, 2 August 2025 02:16 WIB

The Australian Dollar (AUD) remains under pressure against the US Dollar (USD) on Friday, giving back most of its earlier gains despite broad weakness in the Greenback following a disappointing Nonfar...

Aussie Holds After Dodging US Tariff Hikes ...
Friday, 1 August 2025 10:15 WIB

The Australian dollar stabilized around $0.643 on Friday, halting a six-day losing streak as Australia avoided the latest US tariff hikes, with most imports remaining subject to the 10% rate. On Thurs...

Australian Dollar holds ground following release of Retail Sales, China's PMI data ...
Thursday, 31 July 2025 09:49 WIB

The Australian Dollar (AUD) appreciates on Thursday, halting its five-day losing streak. The AUD/USD pair maintains its position following the release of key economic data from Australia and its close...

Aussie Dollar Holds Ground Despite Softer Inflation Print ...
Wednesday, 30 July 2025 09:31 WIB

The Australian dollar edged higher to above $0.651 on Wednesday, ending its four-session losing streak, as a weaker US dollar outweighed soft domestic inflation figures. The greenback eased ahead of t...

LATEST NEWS
AUD/USD slips despite soft NFP as RBA rate cut

The Australian Dollar (AUD) remains under pressure against the US Dollar (USD) on Friday, giving back most of its earlier gains despite broad weakness in the Greenback following a disappointing Nonfarm Payrolls (NFP) data. The AUD/USD initially...

Oil falls $2 a barrel on worries about OPEC+ supply, US jobs data

Oil prices $2 a barrel on Friday because of jitters about a possible increase in production by OPEC and its allies, while a weaker-than-expected U.S. jobs report fed worries about demand. Brent crude futures settled at $69.67 a barrel, down $2.03,...

Yen primed for multi-year rally

The yen has suffered a difficult month, but BCA Research thinks the Japanese currency is primed for a multi-year rally. At 08:30 ET (12:30 GMT), USD/JPY traded 0.2% lower at Y150.49, having earlier in the session climbed as high as Y150.91, the...

POPULAR NEWS
Latest News: US Core PCE Inflation Holds Steady at 2.8% in June, Compared to 2.7% Expected
Thursday, 31 July 2025 20:03 WIB

Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, rose to 2.6% in...

US Non-Farm Payrolls Fall Short of Expectations
Friday, 1 August 2025 19:36 WIB

US non-farm payrolls rose by 73,000 in July 2025, after being revised down by 14,000 in June and well below the 110,000 estimate. The upward trend...

European Stocks Lower to Kick Off August
Friday, 1 August 2025 14:57 WIB

The STOXX 50 dropped 1.1% and the STOXX 600 declined 0.8% on the first trading day of August, which coincided with the deadline for countries to...

US: Initial Jobless Claims Rise Slightly to 218,000 Last Week
Thursday, 31 July 2025 19:49 WIB

According to a report from the US Department of Labor (DOL) released on Thursday, the number of Americans filing new applications for unemployment...