- The Australian dollar decreased with a decrease in employment change by 52.8 thousand in February, and the loss of consensus is a 10.0K increase.
- PBOC maintained its main loan rates (LPRS) unchanged, with one and five -year rates by 3.10 % and 3.60 %, respectively.
- The Federal Reserve confirmed again its expectation of price cuts later this year, but highlighted the uncertainty arising from the Trump tariff policies.
The Australian dollar (AUD) weakens against the US dollar (USD) on Thursday, which reflects the gains from the previous session. The AUD/USD pair decreases as AUD receives the declining pressure after the release of local recruitment data.
Australia’s employment change decreased by 52.8 thousand in February, compared to 30.5K in January (it was revised from 44 km), and the consensus expectations of 30.0 thousand. Meanwhile, the modified unemployment rate remained a fixed season at 4.1 % in February, in line with the market expectations.
In China, the Chinese People’s Bank (PBOC) kept its basic loan (LPRS) unchanged on Thursday, with one year at 3.10 % and five years at 3.60 %.
The Federal Reserve has maintained the rate of federal funds at 4.25 % – 4.5 % at its meeting in March, as expected widely. The Federal Reserve confirmed again its view of price discounts later this year, but indicated the uncertainty caused by the tariff policies worn by US President Donald Trump.
The Australian dollar can find support as a struggle for the US dollar after the decision of the Federal Reserve
- The US dollar index (DXY), which measures the dollar for six major currencies, is trading less than 103.40. Greenback faced pressure as US Treasury returns decreased, as the return for two years decreased by 3.97 % and 10 years revenue at 4.24 %.
- However, the US dollar found some stability after the Falcons’ statements by Federal Reserve Chairman Jerome Powell, who stated, “The conditions of the labor market are strong, and inflation has approached our long goal by 2 %, although it is still somewhat high.”
- On Tuesday, President Trump and Russian President Vladimir Putin approved an immediate hiatus of strikes targeting energy infrastructure in the Ukraine war. In a social publication, in fact after inviting Putin, Trump stated that both sides have committed to stopping 30 days of attacks against energy infrastructure for each other, reflecting the Kremlin data.
- Putin refused to support a wider month -old ceasefire by the Trump team with Ukrainian officials in the Kingdom of Saudi Arabia, indicating continuous tensions despite the temporary agreement on energy goals.
- Trump reaffirmed plans to impose a mutual tariff and a sector on April 2. Trump confirmed that there will be no exemptions for steel and aluminum and stated that mutual definitions will be implemented on specific countries in addition to the duties of cars.
- According to Reuters, Trump’s proposal to increase the construction of American ships by imposing highly decline on ships associated with China entering American ports causes the accumulation of American coal stocks and increased uncertainty in the agricultural sector, which is already struggling.
- Treasury Secretary, Jim Chalmers, addressed commercial tensions in a speech on Tuesday, and a “race to the bottom” rejected the customs duties. The Trump administration’s commercial policies criticized as “self -defeat and self -sabotage”, focusing on Australia’s need to focus on economic flexibility rather than revenge. He also condemned the United States’s decision to exclude Australia from tariffs from steel and aluminum, describing it as “disappointing, unnecessary, meaningless, and error,” according to The Guardian.
- On Monday, Sarah Hunter, the Assistant Reserve Bank for Australia (RBA), repeated the caution of the central bank on price cuts. In February, the RBA statement referred to a more conservative approach than market expectations, with a strong focus on monitoring US policy decisions and their potential impact on inflation expectations in Australia.
The Australian dollar collapses to less than 0.6350, the lower boundaries of the emerging canal
The AUD/USD is trading near 0.6330 on Thursday, with a technical analysis indicating twice the bullish bias, as the pair breaks down the loud canal style. However, the 24 -day relative index (RSI) remains higher than 50, indicating that the upscale momentum is still in play.
The husband may try to overcome the immediate resistance on the SIA moving average for nine days (EMA) of 0.6337, which corresponds to the lower boundaries of the channel ascending. Return to the channel can enhance the upscale expectations, which may lead the AUD/USD to re -test its highest level for a period of three months at 0.6408, last time on February 21. Another resistance is seen at the upper limits of the channel near 0.6490.
On the negative side, the immediate support in EMA lies for 50 days at 0.6312. The decisive break can lead to the bottom of this main level to weaken medium -term price momentum, exposing the AUD/USD pair for more pressure on the negative side towards the lowest level in six weeks at 0.6187, registered on March 5.
Aud/USD: Daily Chart
Australian dollar price today
The table below shows the percentage of change in the Australian dollar (AUD) against the main currencies listed today. The Australian dollar was the weakest against the Japanese yen.
| US dollar | euro | GBP | JPY | CAD | Aud | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| US dollar | -05 % | -01 % | -0.30 % | 0.02 % | 0.32 % | 0.36 % | -0.15 % | |
| euro | 0.05 % | 0.03 % | -0.23 % | 0.06 % | 0.36 % | 0.41 % | -0.10 % | |
| GBP | 0.00 % | -0.03 % | -0.25 % | 0.02 % | 0.33 % | 0.38 % | -0.13 % | |
| JPY | 0.30 % | 0.23 % | 0.25 % | 0.30 % | 0.59 % | 0.62 % | 0.21 % | |
| CAD | -02 % | -06 % | -02 % | -0.30 % | 0.31 % | 0.35 % | -0.17 % | |
| Aud | -0.32 % | -0.36 % | -0.33 % | -59 % | -0.31 % | 0.05 % | -0.46 % | |
| Nzd | -0.36 % | -0.41 % | -0.38 % | -62 % | -0.35 % | -05 % | -0.54 % | |
| Chf | 0.15 % | 0.10 % | 0.13 % | -0.21 % | 0.17 % | 0.46 % | 0.54 % |
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 Australian dollar from the left column and move along the horizontal line to the US dollar, the percentage offered in the box will represent AUD (Base)/USD (Quote).
Economic indicator
SA change change
Change the recruitment issued by Australian Statistics Office It is a measure of change in the number of people working in Australia. Statistics are set to remove the effect of seasonal trends. In general, the high labor change has positive effects on consumer spending, and stimulates economic growth, and is optimistic about the Australian dollar (AUD). Low reading, on the other hand, is considered declining.
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