The Australian dollar is extending its losses versus the US dollar on Friday. The Aussie dollar US dollar exchange rate is trading at multi-week lows of US$0.6764. The pair is on track to have lost 0.3% across the week. This will be its fourth straight week of losses.

The Australian dollar continues to hover around six-week lows struck in the previous session. Investors are still awaiting fresh developments on the trade front. However, the waiting game is taking its toll on investor sentiment.

It is worth recapping the most recent developments in the ongoing trade dispute. On Wednesday evening after the US markets closed, President Trump approved the Hong Kong bill, signing it into law. The bill which supports the human rights of the pro-democracy protesters in Hong Kong raised doubts over a possible trade deal between the US and China.

The timing of Trump signing the deal is important. It was the start of the Thanksgiving holiday, when markets are closed. This means that traders haven’t reacted to the news. There is a possibility that they won’t react either. China has threatened to retaliate but so far has not taken any action. Even so, concerns that the developments may slow progress towards a trade deal is weighing on China Proxy the Australian dollar.

Dollar Investor Look To Next Week In Quiet Session

The US dollar has been subdued over the past two sessions owing to the Thanksgiving break. Most dollar traders are away from their desks not to return until Monday, the start of December. This past week the US dollar has crawled higher on the back of stronger economic data and trade headlines.

Next week dollar investors will focus on the US jobs data release on Friday, the non-farm payroll. This is the most closely watched macro data point of the month. With US GDP surprising to the upside, investors will be keen to see whether the solid economic growth is translating into stronger job creation growth and higher wages. Prior to the non-farm payroll there are other notable data releases such as the ISM index and ADP Employment report which will also attract attention. Signs that the US economy is on a solid footing could boost the dollar.


What do these figures mean?
When measuring the value of a pair of currencies, one set equals 1 unit and the other shows the current equivalent. As the market moves, the amount will vary from minute to minute.

For example, it could be written:

1 USD = 0.6784 AUD

Here, $1 is equivalent to approximately A$0.67. This specifically measures the US dollar’s worth against the Australian dollar. If the Aussie dollar amount increases in this pairing, it’s positive for the US dollar.

Or, if you were looking at it the other way around:

1 AUD = 1.4739 USD

In this example, A$1 is equivalent to approximately $1.47. This measures the Australian dollar’s worth versus the US Dollar. If the US dollar number gets larger, it’s good news for the Aussie dollar. is a news site only and not a currency trading platform. is a site operated by TransferWise Inc. (“We”, “Us”), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on do not represent our views.