- The Australian Dollar has rebounded from the year’s lows with the negative bias intact.
- Investors are cautious about betting against the dollar with USD data on the horizon.
- The RBA softened its usual hawkish tone on Tuesday and increased pressure on the Australian Dollar.
The Australian Dollar pared some losses during the European session on Wednesday after hitting new lows for the year at 0.6340. The pair, however, remains vulnerable with investors reluctant to risk ahead of the release of the US CPI report.
U.S. consumer prices are expected to have accelerated slightly in November, supporting Fed Chair Powell’s cautious rhetoric and suggesting the bank could be targeting a higher terminal rate next year.
On Tuesday, Treasury Secretary and former Fed Chair Janet Yellen warned that Trump’s tariffs could derail progress on inflation, bolstering the case for a shallow easing cycle in 2025.
In Australia, the RBA shook markets on Tuesday with an unexpectedly dovish change to its monetary policy statement. The board showed confidence in inflation, raising hopes of interest rate cuts in February and increasing selling pressure on the AUD.
US Dollar PRICE Today
The table below shows the percentage change of the US Dollar (USD) against major currencies today. US dollar was the strongest currency against the Japanese yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.20% | 0.27% | 0.47% | 0.05% | 0.36% | 0.35% | 0.06% | |
| EUR | -0.20% | 0.07% | 0.29% | -0.15% | 0.15% | 0.14% | -0.14% | |
| GBP | -0.27% | -0.07% | 0.19% | -0.23% | 0.08% | 0.07% | -0.21% | |
| JPY | -0.47% | -0.29% | -0.19% | -0.42% | -0.12% | -0.14% | -0.41% | |
| CAD | -0.05% | 0.15% | 0.23% | 0.42% | 0.31% | 0.30% | 0.01% | |
| AUD | -0.36% | -0.15% | -0.08% | 0.12% | -0.31% | -0.01% | -0.29% | |
| NZD | -0.35% | -0.14% | -0.07% | 0.14% | -0.30% | 0.01% | -0.28% | |
| CHF | -0.06% | 0.14% | 0.21% | 0.41% | -0.01% | 0.29% | 0.28% |
The heat map shows percentage changes for major currencies. The base currency is selected from the left column, while the quote currency is selected 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 change shown in the box will represent USD (base)/JPY (quote).
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.
