The Australian Dollar (AUD) traded hesitantly around the 0.6530 level against the US Dollar (USD) on Monday (June 30, 2025). Despite positive sentiment from the progress of trade talks between the US and partner countries, the market remains cautious as economic data from Australia and China show a slowdown. AUD/USD had strengthened slightly due to the weakening USD, but was held back below the 0.6550 resistance area.
Pressure on the AUD came from less than satisfactory domestic data. The Australian inflation figure according to TD-MI only rose 0.1% in June, lower than the 0.2% expected. Annually, inflation even fell to 2.4%. Meanwhile, private sector credit data was also disappointing, growing only 0.5% in May compared to 0.7% in the previous month.
From the external side, China's sluggish economic conditions also weighed on the Aussie. Manufacturing activity in China has weakened for the third straight month due to weak domestic demand and uncertain export prospects. As Australia's main trading partner, China's economic weakness is adding pressure on the AUD and limiting the potential for AUD/USD to strengthen.
Source: Newsmaker
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