Australian Dollar loses ground as US Dollar advances due to increased risk aversion
The post Australian Dollar loses ground as US Dollar advances due to increased risk aversion appeared on BitcoinEthereumNews.com. The Australian Dollar falls amid renewed US tariff concerns. Australia’s ANZ Job Advertisements rose 1.8% in June following a decline of 1.2% in May. US Treasury Secretary, Scott Bessent, noted that US tariffs could be rolled back to April 2 levels on August 1. The Australian Dollar (AUD) depreciates against the US Dollar (USD) on Monday, continuing its losing streak for the third successive session. The AUD/USD pair depreciates due to renewed tariff concerns as US President Donald Trump may send out 12 or 15 letters on tariffs later in the day, with the expectation that trade deals or letters with most nations will be done by July 9. US President Donald Trump posted on social media on Monday that “Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy.” ANZ Job Advertisements increased by 1.8% in June after a decline of 1.2% in May. The data presents the number of job advertisements in the major metropolitan newspapers and on the internet sites in Australia. The Financial Times reported that China is increasingly rerouting its exports through Southeast Asia in an effort to dodge US tariffs imposed by the Trump administration. Data indicates that direct shipments from China to the US dropped by 43% in May, even as China’s overall exports rose by 4.8%. This shift was marked by a 15% surge in exports to Southeast Asia and a 12% increase to the European Union (EU). However, the US trade agreement with Vietnam now includes a 40% tariff on trans-shipped goods to curb such practices. Any change in the Chinese economy could impact the AUD as China and Australia are close trading partners. Traders will focus on the Reserve Bank of Australia’s (RBA) monetary policy…
The post Australian Dollar loses ground as US Dollar advances due to increased risk aversion appeared on BitcoinEthereumNews.com.
The Australian Dollar falls amid renewed US tariff concerns. Australia’s ANZ Job Advertisements rose 1.8% in June following a decline of 1.2% in May. US Treasury Secretary, Scott Bessent, noted that US tariffs could be rolled back to April 2 levels on August 1. The Australian Dollar (AUD) depreciates against the US Dollar (USD) on Monday, continuing its losing streak for the third successive session. The AUD/USD pair depreciates due to renewed tariff concerns as US President Donald Trump may send out 12 or 15 letters on tariffs later in the day, with the expectation that trade deals or letters with most nations will be done by July 9. US President Donald Trump posted on social media on Monday that “Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy.” ANZ Job Advertisements increased by 1.8% in June after a decline of 1.2% in May. The data presents the number of job advertisements in the major metropolitan newspapers and on the internet sites in Australia. The Financial Times reported that China is increasingly rerouting its exports through Southeast Asia in an effort to dodge US tariffs imposed by the Trump administration. Data indicates that direct shipments from China to the US dropped by 43% in May, even as China’s overall exports rose by 4.8%. This shift was marked by a 15% surge in exports to Southeast Asia and a 12% increase to the European Union (EU). However, the US trade agreement with Vietnam now includes a 40% tariff on trans-shipped goods to curb such practices. Any change in the Chinese economy could impact the AUD as China and Australia are close trading partners. Traders will focus on the Reserve Bank of Australia’s (RBA) monetary policy…
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