Created
: 2025.06.26
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
AUD/USD reclaims seven-month high around 0.6550 as US Dollar slides further
World FX news
Breaking news
AUD/USD reclaims seven-month high around 0.6550 as US Dollar slides further
New
2025.06.26 18:41
2025.06.26 18:41
2025.06.26 18:41
- AUD/USD revisits the seven-month high around 0.6550 as Trump's attack on Fed's independence has weakened the US Dollar.
- The Aussie inflation grew moderately by 2.1% on year in May.
- Soft Aussie CPI data paves the way for interest rate cuts by the RBA in July.
The AUD/USD pair extends its winning streak for the fourth trading day on Thursday, revisits the seven-month high around 0.6550. The Aussie pair strengthens as the US Dollar (USD) tumbles, following confirmation from United States (US) President Donald Trump that he will announce Federal Reserve (Fed) Chair Jerome Powell's successor soon.
"I know, within three or four people, who I'm going to pick," Trump said to reporters on Wednesday after they asked if he is interviewing candidates for Powell's replacement, Reuters reported.
Theoretically, the replacement of the Fed chair doesn't materially impact the US Dollar. However, the reason that Powell is not lowering interest rates behind his replacement has raised concerns over US Dollar's exceptionalism.
During the European trading session, the US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, posts a fresh three-year low around 97.00.
Although investors have underpinned the Australian Dollar (AUD) against North American currencies, it is underperforming its other peers as market experts have become increasingly confident that the Reserve Bank of Australia (RBA) will cut interest rates in the July policy meeting due to cooling inflationary pressures.
Australian Dollar PRICE Today
The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the weakest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.52% | -0.64% | -0.83% | -0.27% | -0.45% | -0.39% | -0.62% | |
| EUR | 0.52% | -0.06% | -0.35% | 0.27% | 0.11% | 0.13% | -0.08% | |
| GBP | 0.64% | 0.06% | -0.30% | 0.33% | 0.16% | 0.22% | -0.01% | |
| JPY | 0.83% | 0.35% | 0.30% | 0.59% | 0.44% | 0.45% | 0.26% | |
| CAD | 0.27% | -0.27% | -0.33% | -0.59% | -0.16% | -0.21% | -0.34% | |
| AUD | 0.45% | -0.11% | -0.16% | -0.44% | 0.16% | -0.05% | -0.19% | |
| NZD | 0.39% | -0.13% | -0.22% | -0.45% | 0.21% | 0.05% | -0.14% | |
| CHF | 0.62% | 0.08% | 0.01% | -0.26% | 0.34% | 0.19% | 0.14% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).
Economists at State Street Global Advisors stated that they are convinces that the "RBA needs to cut in July to safeguard growth as inflation is clearly out of their way now".
This week, the Monthly Consumer Price Index (CPI) data for May showed that price pressures grew moderately. Inflationary pressures grew by 2.1% year-on-year, slower than estimates of 2.3% and the prior release of 2.4%.
US Dollar FAQs
The US Dollar (USD) is the official currency of the United States of America, and the 'de facto' currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022. Following the second world war, the USD took over from the British Pound as the world's reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away.
The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed's 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback.
In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used when credit has dried up because banks will not lend to each other (out of the fear of counterparty default). It is a last resort when simply lowering interest rates is unlikely to achieve the necessary result. It was the Fed's weapon of choice to combat the credit crunch that occurred during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy US government bonds predominantly from financial institutions. QE usually leads to a weaker US Dollar.
Quantitative tightening (QT) is the reverse process whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing in new purchases. It is usually positive for the US Dollar.
Last updated
: 2025.06.26
Related articles
EUR/USD ends week nearly 1% higher as trade optimism offsets weak US data
2025.07.26 07:08US-Japan trade deal may not be as clear as Trump proclaims it to be
2025.07.26 05:07NZD/USD pares gains as Greenback firms, optimism grows over US-China trade talks
2025.07.26 03:21Canadian Dollar extends declines against US Dollar on renewed Trump tariff threats
2025.07.26 02:06EUR/USD supported by Euro resilience amid US recession fears and Fed rate cut bets - Rabobank
2025.07.26 01:39AUD/USD slips from YTD high as stronger US Dollar and wedge rejection weigh on outlook
2025.07.26 01:11
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
EUR/USD ends week nearly 1% higher as trade optimism offsets weak US data
The EUR/USD finished the week up by nearly 1% on Friday, yet ended the daily session flat, following economic data from the United States (US) that was worse than expected, but offset by positive trade news. With the Greenback cutting losses, the pair trades at 1.1741 virtually unchanged.
New
2025.07.26 07:08US-Japan trade deal may not be as clear as Trump proclaims it to be
United States (US) President Donald Trump proudly declared an impending trade deal between the US and Japan earlier this week, touting an arrangement that would see US importers pay a much milder 15% tariff fee on all goods imported from Japan compared to the threatened 25% level that President Trum
New
2025.07.26 05:07Gold set for weekly loss as strong US data, trade optimism hits safe-haven demand
Gold price (XAU/USD) is poised to end the week on a lower note as economic data from the United States (US) and progress in trade deals with the latter weighed on safe-haven demand, driving the yellow metal lower.
New
2025.07.26 04:09NZD/USD pares gains as Greenback firms, optimism grows over US-China trade talks
The New Zealand Dollar (NZD) extends losses for a second consecutive session on Friday but remains poised for a weekly gain, supported by improved risk sentiment amid growing optimism over potential US trade deals.
New
2025.07.26 03:21Dow Jones Industrial Average recovers on Friday after better-than-expected Durable Goods Orders
The Dow Jones Industrial Average (DJIA) rebounded on Friday, recovering its footing after a mild downturn during the previous session.
New
2025.07.26 03:20WTI Crude Oil falls below $65 amid rising output and cloudy demand signals
West Texas Intermediate (WTI) is under pressure on Friday as markets respond to a growing global supply outlook and remain cautious on demand prospects.
New
2025.07.26 03:13Canadian Dollar extends declines against US Dollar on renewed Trump tariff threats
The Canadian Dollar (CAD) took another hit on Friday, extending into a two-day backslide against the US Dollar (USD) as Loonie traders hunker down for a fresh bout of tariff-fueled tirades from United States (US) President Donald Trump.
2025.07.26 02:06EUR/USD supported by Euro resilience amid US recession fears and Fed rate cut bets - Rabobank
Since US President Trump's reciprocal tariffs address on April 2, the EUR is the second best performing G10 currency after the safe-haven CHF, Rabobank's FX analyst Jane Foley reports.
2025.07.26 01:39AUD/USD slips from YTD high as stronger US Dollar and wedge rejection weigh on outlook
The Australian Dollar (AUD) is losing ground against the US Dollar (USD) on Friday, pressured by rising US Treasury yields that continue to support demand for the Greenback.
2025.07.26 01:11USD/CHF steadies below 0.8000 amid resilient US data and easing trade fears
The Swiss Franc (CHF) loses ground for a third consecutive day against the US Dollar (USD) on Friday, pressured by improving risk sentiment and a rebound in the US Dollar.
2025.07.26 01:07Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
