- The aud/USD drops to about 0.6380 while the Australian dollar does not yield.
- The Australian commercial surplus increased more than double expected, since US companies loaded imports to avoid higher tariffs.
- Investors expect the US manufacturing PMI data for April.
The aud/USD torque is lowering 0.3% to about 0.6380 in the European session on Thursday. The Australian pair is negotiated from one side to another around 0.6400 for more than a week, with investors looking for clarity about when the commercial war between the United States (USA) and China will be resolved.
The White House comments have indicated that the tariff dispute between the two greatest powers in the world will not be broken down in the short term. On Wednesday, US trade representative, Jamieson Greer, said in an interview with Fox News that there are no “official official discussions” with Beijing, South China Morning Post (SCMP) reported.
The uncertainty about commercial relations between the US and Beijing seems to remain for a while, since Washington wants China to start commercial conversations, given its strong dependence on exports to the US “” I think it depends on China to de -sail, because they sell us five times more than we sell them, “said the secretary of the US Treasury of the United States.
The more the commercial war between the US and China lasts, the greater the consequences for the Australian dollar (Aud), since Australia is China’s main commercial partner.
In the domestic region, the solid data of the Australian commercial surplus of March fails to support the Australian dollar.
Australian dollar Price today
The lower table shows the percentage of change of the Australian dollar (AUD) compared to the main currencies today. Australian dollar was the strongest currency against the Japanese yen.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.01% | -0.03% | 0.85% | 0.13% | 0.24% | 0.15% | 0.04% | |
| EUR | -0.01% | -0.05% | 0.87% | 0.09% | 0.23% | 0.14% | 0.01% | |
| GBP | 0.03% | 0.05% | 0.89% | 0.17% | 0.28% | 0.19% | 0.07% | |
| JPY | -0.85% | -0.87% | -0.89% | -0.74% | -0.61% | -0.75% | -0.89% | |
| CAD | -0.13% | -0.09% | -0.17% | 0.74% | 0.12% | 0.02% | -0.10% | |
| Aud | -0.24% | -0.23% | -0.28% | 0.61% | -0.12% | -0.10% | -0.21% | |
| NZD | -0.15% | -0.14% | -0.19% | 0.75% | -0.02% | 0.10% | -0.12% | |
| CHF | -0.04% | -0.01% | -0.07% | 0.89% | 0.10% | 0.21% | 0.12% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the Australian dollar of the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the Aud (base)/USD (quotation).
The commercial surplus stood at 6.9 billion, more than double the estimates of 3.13 billion. The reason behind the strong numbers of the Australian commercial surplus seems to be the robust imports of the US economy before the announcement of reciprocal tariffs by President Donald Trump on April 2. The GDP data of the first US quarter of the US showed an economic contraction, since importers advanced goods from their foreign suppliers to escape higher tariffs.
In the US region, investors await the final data of the purchasing managers index (PMI) Global S&P manufacturing and ISM for April. Investors will pay special attention to the prices paid in the ISM manufacturing PMI to know if the impact of Trump’s protectionist policies has begun to be reflected in the supplies costs.
Economic indicator
Commercial balance
This index published by the Australian Bureau of Statistics It shows the difference between exports and imports of Australian goods. Exports can offer a reflection of the growth of the Australian economy, while imports induction the state of domestic consumption. Thus, the trade balance offers an early reading of the net state of exports and the domestic market. A positive reading is seen as a bullish for the Australian dollar, while a negative figure is bassist for the currency.
Read more.
Last publication:
play May 01, 2025 01:30
Frequency:
Monthly
Current:
6,900m
Dear:
3,130m
Previous:
2,968m
Fountain:
Australian Bureau of Statistics
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
