Australian Dollar weakens against its major peers amid a risk-off market mood.
Revived fears that the Middle East war will last for a long time have underpinned the risk-off impulse again.
Investors await the US NFP data for fresh cues on the interest rate outlook.
The Australian Dollar (AUD) trades lower against its major currency peers, is down 0.75% to near 0.6875 against the US Dollar (USD) during the European trading session on Thursday. The antipodean faces intense selling pressure as fears that the war in the Middle East will last long have revived the risk-off impulse, following United States (US) President Donald Trump’s address to the nation.
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 US Dollar.
USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
USD | 0.59% | 0.82% | 0.51% | 0.32% | 0.81% | 0.71% | 0.74% | |
EUR | -0.59% | 0.23% | -0.13% | -0.29% | 0.22% | 0.13% | 0.13% | |
GBP | -0.82% | -0.23% | -0.34% | -0.49% | -0.00% | -0.08% | -0.10% | |
JPY | -0.51% | 0.13% | 0.34% | -0.18% | 0.31% | 0.20% | 0.22% | |
CAD | -0.32% | 0.29% | 0.49% | 0.18% | 0.49% | 0.37% | 0.40% | |
AUD | -0.81% | -0.22% | 0.00% | -0.31% | -0.49% | -0.09% | -0.12% | |
NZD | -0.71% | -0.13% | 0.08% | -0.20% | -0.37% | 0.09% | 0.00% | |
CHF | -0.74% | -0.13% | 0.10% | -0.22% | -0.40% | 0.12% | -0.00% |
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).
S&P 500 futures are down over 1% in the European trade, reflecting weak demand for risk-sensitive assets.
In early Asian trade, US President Trump threatened to intensify military actions in Iran in the next two to three weeks, alongwith warning of obliterating Iranian electricity infrastructure, if there is no deal. We are going to hit them extremely hard over the next two to three weeks, and bring them back to the stone ages,” Trump said.
On Wednesday, market participants turned confident about a ceasefire in the Middle East after Iran signaled readiness to end the war, the first time Tehran talked about peace rather than extending military actions since the war started.
Meanwhile, geopolitical tensions have increased the safe-haven demand of the US Dollar. During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.6% higher to near 100.15.
On the macro front, investors await the US Nonfarm Payrolls (NFP) data for March, which will be published on Friday. Investors will pay close attention to the US NFP data to get fresh cues on the Federal Reserve’s (Fed) monetary policy outlook.
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