AUD

AUDUSD pushes - breaks through - the upper limit

Australian Inflation Expectations survey for February 2025 4.6% (prior was 4.0%)

• Melbourne Institute Survey of Consumer Inflation Expectations in Australia

AUDUSD Technical Analysis – Awaiting the US inflation report

• The AUDUSD pair continues to range near the 2020 lows as the market awaits a catalyst to push into either direction. What’s next?

Australian Q4 New home lending +1.4% q/q

• Not moving the AUD

Trump trade adviser: Australia 'killing aluminium market' - blow to tariff exemption hope

• Trump's trade adviser Navarro says volume of US imports of primary aluminium from Australia has surged

NZDUSD and AUDUSD head into the Asian Pacific session near resistance targets

• NZDUSD stalls the rally near the 100 hour MA. The AUDUSD stalls at swing area high

AUDUSD has seen up and down trading today. The price is testing swing area resistance.

• The swing area between 0.6287 and 0.6301 in the AUDUSD is being tested.

Australia January business confidence +4 (prior -2)

• National Australia Bank business survey, for January 2025

Australian dollar losing a few tics now as (tariff) reality bites

• USD up a little more widely across th majors board

Australia February Consumer Sentiment +0.1% (prior -0.7%)

• Westpac monthly consumer confidence survey

Key take away - Trump's 25% steel and aluminium tariffs - NO EXEMPTIONS or EXCEPTIONS

• Trump has said he will 'consider' an exemption for Australia. Guy is all over the place.

White House says 25% steel tariffs will apply to all countries

• Trump says no exceptions or exemptions

The last time Trump proposed tariffs on Australian steel and aluminium he backed down

• No guarantees this time

Trump agreed to consider an exemption for Australian steel tariffs

• Australian Prime Minister Albanese spoke with Trump

Trump and Australian PM Albanese have spoken (probably on steel tariffs)

• Albanese press conference underway