The Australian Dollar (AUD) remains subdued against the US Dollar (USD) for the second consecutive day on Friday. The AUD/USD pair faces modest headwinds as the USD steadies ahead of the upcoming Nonfarm Payrolls (NFP) report in the North American session.
The Reserve Bank of Australia (RBA) maintains its outlook for economic growth to slow toward 2% by 2025. While its stance has previously bolstered AUD strength, investors remain cautious about potential policy shifts in response to inflation and labor market dynamics.
The AUD could find support from easing concerns after US President Donald Trump altered his stance on tariffs again.
Trump exempted Mexican and Canadian goods covered by the USMCA from his proposed 25% tariffs.
Source: FXStreet
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