- AUD/USD companies are higher than previous psychological resistance, and now support at 0.6500.
- Positive trade data in China and trade negotiations with the United States contribute to the AUD power.
- Australia is looking for consumer confidence data on Tuesday to obtain signs of Australians ’feeling about the economy, which may affect AUD/USD prices.
The Australian dollar (AUD) is trading top against the US dollar (USD) on Monday, where the AUD/USD pair explodes above the resistance level 0.6500 at the time of writing this report.
The positive transformation of feelings is supported by developments in relations between the United States and Keena, with senior officials, including US Treasury Secretary Scott Bessin and Chinese Deputy Prime Minister who meets in London for two days of intensive talks that will focus on commercial controls and export, especially the circumference of rare ground minerals.
The meetings, scheduled for Monday and Tuesday, aim to alleviate tensions and rebuild diplomatic and economic relations. Progress in these discussions may raise global risk morale and indirectly benefit from AUD by enhancing the demand for Australian exports to China.
Separately, China’s surplus was surprised in May from the upward trend, reaching 103.22 billion dollars, over expectations of $ 101.3 billion and 96.18 billion dollars. The strongest data indicates flexible global demand and a potential recovery in Chinese industrial activity, which increases AUD support for demand expectations for stronger Chinese imports and improving market confidence in general.
AUD/USD depends on the Australian consumer confidence data due on Tuesday
On Tuesday, Australia will issue a consumer confidence index in Westpack for the month of June, providing a snapshot of how Australians realize the current and future economic conditions. In May, the index rose by 2.2 %, indicating a modest improvement in feelings. This data is important because consumer confidence is a major indicator of spending, which plays a major role in contributing to Australian economic growth. The strongest printing of the Australian dollar is expected by referring to economic flexibility, while weak reading may raise concerns about local demand, and enhance expectations for future interest rate meetings of the Australian Reserve Bank (RBA).
US dollar price today
The table below shows the percentage of change in the US dollar (USD) against the main currencies listed today. The US dollar was the strongest against the Swiss franc.
| US dollar | euro | GBP | JPY | CAD | Aud | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| US dollar | -0.29 % | -0.27 % | -0.23 % | -0.12 % | -0.43 % | -62 % | -06 % | |
| euro | 0.29 % | -0.00 % | 0.05 % | 0.15 % | -0.13 % | -0.34 % | 0.21 % | |
| GBP | 0.27 % | 0.00 % | 0.14 % | 0.15 % | -11 % | -0.35 % | 0.21 % | |
| JPY | 0.23 % | -05 % | -0.14 % | 0.12 % | -0.24 % | -0.44 % | 0.05 % | |
| CAD | 0.12 % | -0.15 % | -0.15 % | -0.12 % | -0.33 % | -0.50 % | 0.05 % | |
| Aud | 0.43 % | 0.13 % | 0.11 % | 0.24 % | 0.33 % | -0.23 % | 0.34 % | |
| Nzd | 0.62 % | 0.34 % | 0.35 % | 0.44 % | 0.50 % | 0.23 % | 0.56 % | |
| Chf | 0.06 % | -0.21 % | -0.21 % | -05 % | -05 % | -0.34 % | -56 % |
The heat map shows the percentage changes in the main currencies against each other. The basic currency is chosen from the left column, while the quotation currency is chosen from the top row. For example, if you choose the US dollar from the left column and move along the horizontal line to the Japanese yen, the percentage offered in the box will represent the USD (base)/JPY (quote).
Economic indicator
Westpac consumer confidence
the And Testabak Consumer confidence she issued College of Economics and Trade, Melbourne Institute It picks up the level of feelings that individuals enjoy in economic activity, which reflects the assessments of those who respond to their money for their families over the past year and next year, and expectations about economic conditions for a year and five years and views on the current purchase conditions for the main household appliances. In general, high reading is seen as positive (or ascending) for AUD, while low reading is negative (or declining).
Read more.
Next version:
Tuesday, June 10, 2025 00:30
repetition:
monthly
consensus:
–
former:
2.2 %
source:
Melbourne University
