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

Indonesia News Portal for Traders | Financial & Business Updates

21 October 2025 10:27  |

Australian Dollar Takes a Hit, But Still Holds Hope

The Australian dollar weakened against the US dollar, but later strengthened, supported by positive news on trade relations between Australia and the United States. The two countries recently signed a major agreement in critical minerals, which is expected to strengthen economic cooperation and reduce dependence on China for the supply of strategic resources.

President Donald Trump and Prime Minister Anthony Albanese called this cooperation a major step forward for the future of energy and industry. Meanwhile, hopes for an easing of trade tensions between the US and China also boosted market sentiment. However, the US trade representative's tough stance toward Beijing remains a concern, especially given the close economic ties between Australia and China, which could directly impact the Australian dollar's movements. (az)

Source: Newsmaker.id

Related News

AUD/USD

AUD Holds Gains at $0.655

The Australian dollar held around $0.655 on Monday, extending Friday's 0.6% gain following the US dollar's weakness following...

8 September 2025 08:19
AUD/USD

AUD Weakens as Middle East Tensions Weigh on Market Sentime...

The Australian Dollar (AUD) continued to weaken against the US Dollar (USD) on Monday (23/6), extending its decline for the t...

23 June 2025 09:34
AUD/USD

AUD Weakens: Trump, China, and RBA Are Heavy Burdens

The Australian Dollar (AUD) weakened against the US Dollar (USD) on Monday (07/07), continuing its downward trend for the thi...

7 July 2025 13:37
AUD/USD

AUD/USD Could Rise Up to 1.0% If RBA Keeps Rates On Hold

AUD/USD could rise up to 1.0% if the RBA leaves rates unchanged, CBA’s Kristina Clifton said in a research report. “A Blo...

18 February 2025 07:20
BIAS23.com NM23 Ai