AUD/USD defends its ground as markets await US data, Aussie inflation
The post AUD/USD defends its ground as markets await US data, Aussie inflation appeared on BitcoinEthereumNews.com.
The AUD/USD pair trades at 0.6400, up more than 0.40% on the day. US President Trump confirmed trade talks with China, but no major breakthrough was achieved. Investors await upcoming US Nonfarm Payrolls (NFP) and GDP data, crucial for the Federal Reserve’s outlook. The US Dollar remains under pressure, awaiting further economic clarity from key data this week. The AUD/USD pair is trading steadily around 0.6400 as investors brace for key economic data from the United States (US) this week. The focus is on Nonfarm Payrolls (NFP) and GDP figures, which will provide insights into the strength of the US labor market and economic growth, potentially influencing the Federal Reserve’s (Fed) monetary policy decisions. Daily digest market movers: US data in focus as trade tensions persist US President Trump confirmed trade talks with China, but no breakthrough was achieved. Investors are focused on the upcoming US Nonfarm Payrolls (NFP) and GDP data, which will provide crucial insights. The US Dollar Index (DXY) remains near 99.60 as market participants await further economic signals. The market is cautious as US trade policies continue to create uncertainty for the global economy. The Federal Reserve’s upcoming policy decisions depend on key economic data, including the PCE, NFP, and GDP. In Australia, investors await CPI data, with a possible slowdown in inflation pressures influencing the RBA’s next move. Uncertainty around US-China trade relations continues to affect global market sentiment and the Australian Dollar. The US Dollar’s recent recovery could face challenges depending on the outcome of upcoming economic reports. A weaker-than-expected NFP or GDP report could lead to renewed downside pressure on the US Dollar. The market’s focus on US economic data underscores the potential for significant market moves this week. Trade tensions with China remain a key source of uncertainty for both the US…
Filed under: News - @ April 28, 2025 10:24 pm