AUD/USD holds steady below 0.6300 as Trump prepares to unveil reciprocal tariffs
Portfolio Pulse from
The AUD/USD currency pair remains flat around 0.6275 amid anticipation of Trump's potential reciprocal tariffs and ahead of US March ADP Employment Change data. The Reserve Bank of Australia (RBA) kept its Official Cash Rate unchanged at 4.10%, with Governor Michele Bullock emphasizing caution about inflation moderation. Encouraging Chinese economic data, including an improved Caixin Manufacturing PMI, provides some support to the Australian Dollar.
April 02, 2025 | 1:45 am
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NEUTRAL IMPACT
The Australian Dollar ETF may experience price fluctuations due to potential US-China trade tensions and RBA's cautious monetary stance.
The potential tariffs and uncertain trade relations between US and China could create volatility for the Australian Dollar, directly impacting the FXA ETF. The RBA's neutral stance adds to the uncertainty.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80