- The Australian dollar can face the wind when the White House confirmed that American tariffs for Chinese goods increased to 145%.
- The Audi received a summary after reports that Australia is to restart commercial negotiations with the European Union.
- The American dollar remains under pressure, burdened with constant fears of global and national economic perspectives.
The Australian dollar (Aud) loses the land from the US dollar (USD) on Friday. . Aud/USD The couple absorbs when the White House confirmed that the accumulated American tariffs for Chinese goods increased to 145%. The advertisement increased tensions in the ongoing commercial dispute between the two largest hosts in the world, increasing concerns for Australia, taking into account robust trade connections with China.
The audience found support from reports on Thursday that Australia is preparing to resume commercial negotiations with the European Union (EU). In addition, Wall Street Journal announced that China also had talks with the EU trade head Maros Sefcovic, expressing interest in strengthening trade, investment and industrial cooperation with Blorac.
China also raised tariffs to 84% of American imports and added six American companies – including defense and air companies such as Shield Ai and Sierra Nevada – to their black trading list. He also introduced the export control of several American companies, such as American photonics and BRINC drones.
The Australian dollar absorbs due to increased risk aversion
- The American dollar index (DXY), which measures the American dollar in relation to the basket of six main currencies, is about 100.20 at the time of writing. DXY is still moving among the lasting fears related to both global and American economic prospects. Investors now pay attention to the upcoming release of the manufacturer’s manufacturer US March (PPI) and preliminary data on consumer moods in Michigan, both later on Friday.
- The US consumer price indicator (CPI) softened 2.4% year -on -year in March, compared to 2.8% in February and below the market forecast 2.6%. Core CPI, which excludes the prices of food and energy, increased by 2.8% per year, compared to 3.1% earlier and there are 3.0% estimates. For every month, the CPI header dropped by 0.1%, while CPI Core increased by 0.1%.
- In traffic aimed at reducing trade tensions, President Trump announced on Wednesday a 90-day pause of up-to-date tariffs for most American trading partners, reducing rates to 10%to create a space for further negotiations. “The 90-day break is an encouraging sign that negotiations with most countries were productive,” said Mark Hackett of Nationwide. “It also makes a much needed stability on the market rattled by uncertainty.”
- Minutes from the latest Federal Meeting of the Open Market Committee (FOMC) suggested that decision -makers are almost unanimous in recognition of the double challenge of inflation growth and slowdown in growth, warning that the federal reserve is in the face of “difficult compromises” in the coming months.
- Chinese CPI fell in March by 0.1% year on year, after a decrease by 0.7% in February and no expectations for an escalate of 0.1%. Every month, CPI dropped by 0.4%, worse than a decrease by 0.2% in the previous month and the forecast number. PPI China also shrunk more violently than expected, falling 2.5% in March compared to a 2.2% decrease in February and an expected decrease by 2.3%.
- In Australia, muffled business and consumer moods strengthened the expectations of the dove to the tilt from the Australian reserve bank (RBA). Markets now value to 100 base points of rates this year, from May, with additional reductions probably in July and August.
The Australian dollar breaks below 0.6200 towards the nine -day EMA
The Aud/USD pair is near 0.6190 on Friday chart indicators Showing a slight stubborn tilt, because the pair trads above the nine -day interpretation of the movable medium (EMA). However, the 14-day relative strength indicator (RSI) remains just below 50 characters, which indicates that the bear’s pressure did not fully disappear.
Immediate support can be seen on the nine -day EMA, currently 0.6167. The decisive break below this level may undermine the short-term stubborn rush and open the door to the area towards the zone 0.5914-is the lowest point since March 2020-sent by key psychological support at 0.5900.
To the advantage, the initial resistance is located on an EMA 50-day, about 0.6260. Constant traffic above this level can pave the way for a stronger recovery, potentially pushing a pair of Aud/USD in the direction of a four -month highest level 0.6408.
Aud/USD: Daily Chart
Australian dollar price today
The table below shows a percentage change in the Australian dollar (AUD) compared to the stock exchange of the main currencies. The Australian dollar was the weakest in relation to the euro.
| USD | EUR | GBP | JPy | BOOR | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.91% | -0.31% | -0.86% | -0.06% | 0.66% | -0.38% | -0.47% | |
| EUR | 0.91% | 0.58% | 0.02% | 0.83% | 1.57% | 0.50% | 0.41% | |
| GBP | 0.31% | -0.58% | -0.54% | 0.25% | 0.99% | -0.09% | -0.16% | |
| JPy | 0.86% | -0.02% | 0.54% | 0.79% | 1.56% | 0.55% | 0.47% | |
| BOOR | 0.06% | -0.83% | -0.25% | -0.79% | 0.72% | -0.31% | -0.41% | |
| Aud | -0.66% | -1.57% | -0.99% | -1.56% | -0.72% | -1.05% | -1.13% | |
| NZD | 0.38% | -0.50% | 0.09% | -0.55% | 0.31% | 1.05% | -0.08% | |
| CHF | 0.47% | -0.41% | 0.16% | -0.47% | 0.41% | 1.13% | 0.08% |
The heat map shows percentage changes in the main currencies towards each other. The basic currency is collected from the left, and the quote currency is collected from the upper order. For example, if you choose the Australian dollar on the left column and move along the horizontal line to the American dollar, the percentage shift displayed in the field will represent the Aud (base)/USD (quote).
