Australian Dollar holds losses following disappointing Private Capital Expenditure data
The post Australian Dollar holds losses following disappointing Private Capital Expenditure data appeared on BitcoinEthereumNews.com.
The Australian Dollar depreciates as the US Dollar is trading more than 0.50% higher on Thursday. Australia’s Private Capital Expenditure declined by 0.1% in Q1, against the expected increase of 0.5%. A US federal court has blocked President Trump’s proposed “Liberation Day” tariffs from taking effect. The Australian Dollar (AUD) remains subdued for the fourth successive session on Thursday, following disappointing Private Capital Expenditure data for the first quarter. The AUD/USD pair extends its losses as the US Dollar (USD) is trading higher after a US federal court blocked US President Donald Trump’s “Liberation Day” tariffs from taking effect. A Reuters report showed that a federal trade court ruled Trump didn’t have the authority to impose sweeping tariffs on imports from countries that sell more to the US. The Trump administration has halted some sales of jet engines, semiconductors, and certain chemicals to China. The New York Times cited two familiar sources saying that this action is a response to China’s recent export restrictions on exports of critical minerals to the US. Any change in Chinese markets could impact the Australian Dollar as Australia and China are close trade partners. The AUD could face challenges as the Reserve Bank of Australia (RBA) is expected to deliver more rate cuts in the upcoming policy meetings. The central bank acknowledged progress in curbing inflation and warned that US-China trade barriers pose downside risks to economic growth. Governor Michele Bullock stated that the RBA is prepared to take additional action if the economic outlook deteriorates sharply, raising the prospect of future rate cuts. Australian Dollar declines as US Dollar continues to advance ahead of Q1 GDP data release The US Dollar Index (DXY), which measures the value of the Greenback against six major currencies, is trading more than 0.50% higher at 100.40 at…
Filed under: News - @ May 29, 2025 2:20 am