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AUD/USD jumps to a fresh four-month high above 0.6400 as the US Dollar plummets. US President Trump continues to slam Fed Powell for not reducing interest rates. Trump’s tariff policies keep the Australian Dollar on its toes. The AUD/USD pair posts a fresh four-month high above 0.6400 on Monday. The Aussie pair strengthens as the US Dollar (USD) continues to get battered by United States (US) President Donald Trump threatening the “autonomous” status of the Federal Reserve (Fed). US President Trump has threatened to sack Fed Chair Jerome Powell for not lowering interest rates. On Friday, Trump said, “The Fed really owes it to the American people to get interest rates down. That’s the only thing he’s good for.” “I am not happy with him. If I want him out of there, he’ll be out real fast, believe me,” Trump added. These comments came after Jerome Powell stated that the economy is well enough to wait for monetary policy adjustments until the Fed gets greater clarity on how new economic policies will shape the economic outlook. During North American trading hours on Monday, Trump criticized Powell again for supporting a “wait and see” approach on interest rates. “There can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW,” Trump said through a post on Truth.Social. Meanwhile, the Australian Dollar (AUD) underperforms its peers, except North American peers, amid uncertainty over trade relations between the US and China. However, Washington expects that there could be a deal between them. “We’re confident it will work out with China,” US Commerce Secretary Howard Lutnick said over the weekend. Given the significant dependence of the Australian economy on its exports to China, the uncertainty over the economic outlook of Beijing weighs on the Aussie Dollar. AUD/USD…

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Filed under: News - @ April 21, 2025 3:29 pm