The Australian dollar stabilized around $0.626 on Wednesday, following heightened volatility in recent sessions, as investors continued to weigh the latest comments from US President Donald Trump. Late on Tuesday, Trump revealed that his team was considering a 10% tariff on Chinese imports starting February 1, raising concerns about a potential trade war. Given the close trading ties between Australia and China, any developments affecting China’s economy could have significant implications for Australian markets. Domestically, traders are closely watching next week’s quarterly inflation report, which could provide critical insights into the future direction of local interest rates. Speculation is growing that the Reserve Bank of Australia may begin cutting rates as early as next month.
The AUDUSD decreased 0.0001 or 0.02% to 0.6272 on Thursday January 23 from 0.6273 in the previous trading session. Historically, the Australian Dollar reached an all time high of 1.49 in December of 1973. Australian Dollar - data, forecasts, historical chart - was last updated on January 22 of 2025.
The AUDUSD decreased 0.0001 or 0.02% to 0.6272 on Thursday January 23 from 0.6273 in the previous trading session. The Australian Dollar is expected to trade at 0.61 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.59 in 12 months time.