The Australian Dollar faces selling pressure due to multiple headwinds.
Iran’s Supreme Leader Khamenei said that near-weapons-grade uranium must stay in Iran.
Australia’s Unemployment Rate accelerated to 4.5% in April.
The Australian Dollar (AUD) trades lower against its major currency peers, is down 0.28% to near 0.7130 against the US Dollar (USD) during the European trading session on Thursday. The antipodean faces selling pressure due to risk-off market sentiment and soft Australian employment data for April.
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 British Pound.
USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
USD | 0.13% | 0.00% | 0.11% | 0.13% | 0.27% | 0.18% | 0.07% | |
EUR | -0.13% | -0.14% | -0.02% | -0.02% | 0.12% | -0.00% | -0.08% | |
GBP | -0.00% | 0.14% | 0.13% | 0.12% | 0.27% | 0.16% | 0.05% | |
JPY | -0.11% | 0.02% | -0.13% | -0.01% | 0.16% | -0.01% | -0.05% | |
CAD | -0.13% | 0.02% | -0.12% | 0.00% | 0.17% | 0.04% | -0.07% | |
AUD | -0.27% | -0.12% | -0.27% | -0.16% | -0.17% | -0.12% | -0.25% | |
NZD | -0.18% | 0.00% | -0.16% | 0.01% | -0.04% | 0.12% | -0.11% | |
CHF | -0.07% | 0.08% | -0.05% | 0.05% | 0.07% | 0.25% | 0.11% |
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).
Market sentiment turns risk-averse following orders from Iran’s Supreme Leader Ayatollah Mojtaba Khamenei that “near-weapons-grade uranium must stay in Iran”. This statement is contrary to Washington’s demand for a deal with Iran and could complicate ongoing peace negotiations.
S&P 500 futures are down 0.4% around 7,400, as of writing, reflecting a risk-off market mood. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.12% higher to near 99.25.
The risk profile turned favorable on Wednesday after United States (US) President Donald Trump said that Washington is in the “final stages” of finalizing a deal with Iran.
On the domestic front, the Australian labor market report showed that the Unemployment Rate jumped to 4.5%, while it was expected to remain steady at 4.3%. The data also showed that employers fired 18.6K workers, while they were anticipated to have hired 17.5K fresh job-seekers. Signs of cooling Australian job demand would weigh on hawkish Reserve Bank of Australia (RBA) bets.
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