AUD/USD holds below 0.6400 amid signs of easing US-China tensions
The post AUD/USD holds below 0.6400 amid signs of easing US-China tensions appeared on BitcoinEthereumNews.com.
AUD/USD softens to around 0.6390 in Monday’s early Asian session. De-escalation in the US-China tariff war provides some support to the US Dollar. China vowed to support firms and workers affected by tariffs. The AUD/USD pair trades in negative territory near 0.6390 during the early Asian session on Monday. The US Dollar (USD) edges higher against the Aussie amid signs of easing US-China tensions. China will hold a press conference about policies and measures on stabilizing employment and ensuring stable growth on Monday, which will be closely watched by traders. The Greenback posted its first weekly gain since mid-March on Friday after China granted some tariff exemptions for US imports. This raises hopes that the trade war between the world’s two largest economies is nearing an end. China exempted some US imports from its 125% tariffs on Friday, according to businesses, although China quickly knocked down US President Donald Trump’s assertion that negotiations between the two countries were underway. Friday’s statement by the Politburo focused on efforts to maintain stability at home by supporting firms and workers most affected by US tariffs. The National Development and Reform Commission, Ministry of Human Resources and Social Security, Ministry of Commerce and People’s Bank of China (PBOC) will jointly hold the conference on Monday. The Chinese authorities reiterated plans to accelerate debt issuance, ease monetary policy and vowed to support employers to safeguard jobs. Any signs of large stimulus plans could boost the China-proxy Australian Dollar (AUD), as China is a major trading partner of Australia. Australian Dollar FAQs One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest…
Filed under: News - @ April 27, 2025 11:19 pm