AUD/USD falls as risk-off tone builds on Trump’s tariff deadline
The post AUD/USD falls as risk-off tone builds on Trump’s tariff deadline appeared on BitcoinEthereumNews.com. AUD/USD retreats amid renewed demand for safe havens ahead of Trump’s tariff deadline. AUD pressured by RBA cut expectations, while steady Fed policy underpins USD. AUD/USD holds a bullish structure, though momentum fades near wedge resistance. The Australian Dollar (AUD) weakened against the US Dollar (USD) on Friday amid a low-volume trading session and a risk-off tone ahead of US President Donald Trump’s July 9 tariff deadline. At the time of writing, AUD/USD is hovering above 0.6550, with intraday losses of 0.30%. The closure of US financial markets for Independence Day led to lighter trading volumes, resulting in subdued volatility and a more corrective tone across currency markets. Adding to the bearish bias was weaker-than-expected Australian trade data. Figures released on Thursday showed a 2.7% decline in exports for May, resulting in a narrower trade surplus. A risk-off tone was visible on Friday ahead of President Trump’s July 9 tariff deadline. Trump’s threat to impose tariffs of 10% to 70% on multiple countries and dictate trade terms has reignited global trade fears, prompting safe-haven flows and pressuring risk-sensitive currencies. At the same time, expectations are mounting that the Reserve Bank of Australia (RBA) will continue easing monetary policy. According to a Reuters survey released on Friday, a strong majority of 31 out of 37 economists expect the central bank to implement a third consecutive 25-basis-point rate cut on Tuesday. This would bring the official cash rate down to 3.60%. This anticipated move reflects the RBA’s response to moderating inflation and a slowing domestic economy. Meanwhile, the Federal Reserve (Fed) has maintained interest rates within the 4.25% to 4.50% range, providing some support to the US Dollar. AUD/USD technical levels to watch From a technical perspective, AUD/USD remains within the confines of a rising wedge pattern on the daily chart, a…
The post AUD/USD falls as risk-off tone builds on Trump’s tariff deadline appeared on BitcoinEthereumNews.com.
AUD/USD retreats amid renewed demand for safe havens ahead of Trump’s tariff deadline. AUD pressured by RBA cut expectations, while steady Fed policy underpins USD. AUD/USD holds a bullish structure, though momentum fades near wedge resistance. The Australian Dollar (AUD) weakened against the US Dollar (USD) on Friday amid a low-volume trading session and a risk-off tone ahead of US President Donald Trump’s July 9 tariff deadline. At the time of writing, AUD/USD is hovering above 0.6550, with intraday losses of 0.30%. The closure of US financial markets for Independence Day led to lighter trading volumes, resulting in subdued volatility and a more corrective tone across currency markets. Adding to the bearish bias was weaker-than-expected Australian trade data. Figures released on Thursday showed a 2.7% decline in exports for May, resulting in a narrower trade surplus. A risk-off tone was visible on Friday ahead of President Trump’s July 9 tariff deadline. Trump’s threat to impose tariffs of 10% to 70% on multiple countries and dictate trade terms has reignited global trade fears, prompting safe-haven flows and pressuring risk-sensitive currencies. At the same time, expectations are mounting that the Reserve Bank of Australia (RBA) will continue easing monetary policy. According to a Reuters survey released on Friday, a strong majority of 31 out of 37 economists expect the central bank to implement a third consecutive 25-basis-point rate cut on Tuesday. This would bring the official cash rate down to 3.60%. This anticipated move reflects the RBA’s response to moderating inflation and a slowing domestic economy. Meanwhile, the Federal Reserve (Fed) has maintained interest rates within the 4.25% to 4.50% range, providing some support to the US Dollar. AUD/USD technical levels to watch From a technical perspective, AUD/USD remains within the confines of a rising wedge pattern on the daily chart, a…
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