• Sat, Feb 28, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

26 November 2024 09:31  |

Australian Dollar depreciates due to risk aversion following Trump’s tariff decision

The Australian Dollar (AUD) continues to weaken against the US Dollar (USD) on Tuesday, driven by dampened market sentiment following President-elect Donald Trump's announcement of a 10% increase in tariffs on all Chinese goods entering the United States (US), along with a 25% tariff on imports from Mexico and Canada.

The downside for the AUD/USD pair may be limited, as the Australian Dollar could find support from the Reserve Bank of Australia's (RBA) hawkish outlook on future interest rate decisions.

Traders are now turning their attention to Australia’s Monthly Consumer Price Index (CPI) for October due on Wednesday, a key indicator that could influence expectations regarding domestic monetary policy.

The RBA’s November Meeting Minutes indicated that the board remains cautious about the risk of further inflationary pressures, underscoring the need to maintain a restrictive monetary policy stance.

While the board noted there was no "immediate need" to adjust the cash rate, it stressed the importance of keeping all options open for future policy changes, highlighting a flexible and data-driven approach.

Source: FXSTreet

Related News

AUD/USD

AUD/USD Holds Steady as USD Weakens

The AUD/USD pair attracted some dip-buyers on Thursday (11/21) and held on to modest intraday gains, around the 0.6520 region...

21 November 2024 16:19
AUD/USD

AUD/USD Holds Below 0.6600 As Trump Threatens

The AUD/USD pair remained under selling pressure around 0.6580 during the early Asian session on Monday. The weaker-than-expe...

11 November 2024 07:10
AUD/USD

AUD/USD Recovers Further from Over Two-Month Lows

The AUD/USD pair built on its steady intraday uptick through the first half of the European session on Thursday and recovered...

24 October 2024 16:33
AUD/USD

AUD/USD Strengthens Near 0.6550 as US Dollar Weaken

The AUD/USD pair attracted some buyers near 0.6540 during the early Asian session on Monday (11/25). The US Dollar Index (DXY...

25 November 2024 07:20
BIAS23.com NM23 Ai