Created
: 2025.07.28
- 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
China and US are expected to extend tariff pause by another 90 days
World FX news
Breaking news
China and US are expected to extend tariff pause by another 90 days
New
2025.07.28 10:56
2025.07.28 10:56
2025.07.28 10:56
The United States (US) and China are expected to extend their tariff truce by another three months, SCMP reported on Sunday. The world's two largest economies will not impose additional tariffs on each other during the extension and the current pause was to end August 12.
US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are scheduled to meet on Monday in Stockholm. Bessent said the meeting will include a broader range of topics, including Beijing's purchases of oil from Russia and Iran.
Market reaction
At the time of writing, AUD/USD is trading 0.11% higher on the day at 1.1755.
Australian Dollar FAQs
One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment - whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) - is also a factor, with risk-on positive for AUD.
The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive.
China is Australia's largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar (AUD). When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected. Positive or negative surprises in Chinese growth data, therefore, often have a direct impact on the Australian Dollar and its pairs.
Iron Ore is Australia's largest export, accounting for $118 billion a year according to data from 2021, with China as its primary destination. The price of Iron Ore, therefore, can be a driver of the Australian Dollar. Generally, if the price of Iron Ore rises, AUD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Iron Ore falls. Higher Iron Ore prices also tend to result in a greater likelihood of a positive Trade Balance for Australia, which is also positive of the AUD.
The Trade Balance, which is the difference between what a country earns from its exports versus what it pays for its imports, is another factor that can influence the value of the Australian Dollar. If Australia produces highly sought after exports, then its currency will gain in value purely from the surplus demand created from foreign buyers seeking to purchase its exports versus what it spends to purchase imports. Therefore, a positive net Trade Balance strengthens the AUD, with the opposite effect if the Trade Balance is negative.
Last updated
: 2025.07.28
Related articles
USD/CAD Price Forecast: Rises to near 1.3750 after breaking above 50-day EMA
40 minutes agoForex Today: Risk flows dominate markets ahead of key events
2025.07.28 16:59EUR/USD extends losses, US Dollar appreciates following the EU-US trade deal
2025.07.28 16:52Pound Sterling weakens against US Dollar on US-EU tariff deal
2025.07.28 16:36EUR/GBP turns upside down after US-EU tariff deal confirmation
2025.07.28 16:33NZD/USD slips below 0.6000 amid a broadly stronger USD; lacks follow-through
2025.07.28 16:21
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
Dow Jones futures climb as market sentiment improves due to US-EU trade deal
Dow Jones futures rise ahead of the US market opening on Monday, trading around 45,160, up by 0.18%, during European hours. Meanwhile, S&P 500 Futures are up by 0.31% to 6,445, and Nasdaq 100 Futures appreciate 0.50% to trade near 23,530.
New
2025.07.28 18:05USD/CAD Price Forecast: Rises to near 1.3750 after breaking above 50-day EMA
USD/CAD extends its winning streak for the third successive session, trading around 1.3730 during the European hours on Monday. The technical analysis of the daily chart indicates that the pair moves sideways within the rectangular pattern, suggesting a prevailing neutral bias.
New
2025.07.28 17:38WTI holds steady above $65.00 due to US-EU trade agreement
West Texas Intermediate (WTI) Oil price gains ground after registering more than 1.50% losses, trading around $65.10 per barrel during the Asian hours on Monday.
New
2025.07.28 17:05Forex Today: Risk flows dominate markets ahead of key events
Here is what you need to know on Monday, July 28:
New
2025.07.28 16:59EUR/USD extends losses, US Dollar appreciates following the EU-US trade deal
It was buy the rumour, sell the fact for the EUR/USD pair, which opened the week in the same defensive mode that closed the previous one.
New
2025.07.28 16:52Pound Sterling weakens against US Dollar on US-EU tariff deal
The Pound Sterling (GBP) drops to near 1.3400 against the US Dollar (USD) at the start of the week. The GBP/USD pair falls as the US Dollar attracts bids after the announcement of a trade framework between the United States (US) and the European Union (EU).
New
2025.07.28 16:36EUR/GBP turns upside down after US-EU tariff deal confirmation
The EUR/GBP pair gives back its early gains and declines to near 0.8730 during the European trading session on Monday. The pair had a strong opening after the United States (US) and the European Union (EU) announced that they have reached a framework trade agreement.
New
2025.07.28 16:33NZD/USD slips below 0.6000 amid a broadly stronger USD; lacks follow-through
The NZD/USD pair attracts fresh selling following an Asian session uptick to the 0.6030-0.6035 region and drifts into negative territory for the third straight day on Monday.
New
2025.07.28 16:21EUR/GBP extends upside to near 0.8750 on EU-US trade deal
The EUR/GBP cross gathers strength to around 0.8740 during the early European trading hours on Monday. The Euro (EUR) strengthens against the Pound Sterling (GBP) as the European Union (EU) agrees to the United States (US) trade deal ahead of the deadline.
New
2025.07.28 15:53Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $65.25 per barrel, up from Friday's close at $64.85.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $67.60.
New
2025.07.28 15:04Disclaimer:
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
