{"id":100364,"date":"2020-05-21T10:39:35","date_gmt":"2020-05-21T14:39:35","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=100364"},"modified":"2020-05-21T10:39:35","modified_gmt":"2020-05-21T14:39:35","slug":"103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\/","title":{"rendered":"AUD\/USD: Aussie Dollar Pares Losses, US Data Mixed"},"content":{"rendered":"<ul>\n<li><strong>Negative rates unlikely in Australia said RBA Governor Dr Philip Lowe<\/strong><\/li>\n<li><strong>Australian \u2013 China trade tensions weigh on risk sentiment<\/strong><\/li>\n<li><strong>US initial jobless claims inline with expectations at 2.4 million<\/strong><\/li>\n<li><strong>At 14:45 UTC, AUD\/USD trade flat at US$0.6597<\/strong><\/li>\n<\/ul>\n<p>The Australian Dollar is staging a recovery on Thursday, picking up from session lows to break even at the tine of writing.<\/p>\n<p>At 14:45 UTC, AUD\/USD is trading approximately flat on the day at US$0.6597. This is at the top end of the daily traded range of US$0.6549 \u2013 US$0.6599 as investors digested a mixed bag of US data and the latest commentary from Reserve Bank of Australia Governor, Dr Philip Lowe.<\/p>\n<p>Speaking on Thursday Dr Philip Lowe warned that the economic recovery from the coronavirus crisis would be very slow without a medical breakthrough. On policy, Dr Lowe reiterated that it would be extraordinarily unlikely for the central bank to apply negative interest rates. His comments failed to lift the Aussie Dollar which slipped lower in the Asian and European session.<\/p>\n<p>Concerns over escalating tensions between Australia and China weighed on risk appetite across most of the session. Relations between the two trade partners has deteriorated since Australia called for an independent inquiry into the start and spread of coronavirus in China.<\/p>\n<p>China slapped 80% trade tariffs on Australian barely imports earlier this week. They also stopped buying meat from some Australia abattoirs.<\/p>\n<p>Fears are growing that the trade tensions could spill over into the iron ore market, Australia\u2019s most valuable export. China is the largest buyer of Australian iron ore, a reduction in purchases would impact the Australian economy and the Aussie Dollar.<\/p>\n<p>Investors have shrugged off a mixed bag of US data. The US Dollar trades with a slight positive bias even as initial jobless claims data showed that an additional 2.4 million Americans applied for unemployment benefits in the week ending 15<sup>TH <\/sup>May. This was inline with analysts\u2019 expectations.<\/p>\n<p>As the US economy reopens this number should decline further. However, with social distancing measures, consumer anxiety and squeezed household incomes analysts are not expecting unemployment to drop as quickly as it spiked.<\/p>\n<p>In a separate report, US manufacturing activity is expected to contract at a slower pace than initially expected in May. The Manufacturing PMI printed at 39.8 in May, up from36.1 in April. The level 50 separates expansion from contraction. The service sector rose to 36.7 up from 26.7.<\/p>\n<p>All in all the data is pointing to a deep economic contraction in the second quarter and a long slow road to recovery.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Negative rates unlikely in Australia said RBA Governor Dr Philip Lowe Australian \u2013 China trade tensions weigh on risk sentiment US initial jobless claims inline with expectations at 2.4 million At 14:45 UTC, AUD\/USD trade flat at US$0.6597 The Australian Dollar is staging a recovery on Thursday, picking up from session lows to break even [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":3625,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1381],"tags":[1540,1541,1399,2555,1554,1397,1398],"class_list":{"0":"post-100364","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-aud","8":"category-usd","9":"tag-aud","10":"tag-australian-dollar","11":"tag-china","12":"tag-initial-jobless-claims","13":"tag-philip-lowe","14":"tag-us-dollar","15":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AUD\/USD: Aussie Dollar Pares Losses, US Data Mixed - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"AUD\\\/USD: Aussie Dollar Pares Losses, US Data Mixed\",\"datePublished\":\"2020-05-21T14:39:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\\\/\"},\"wordCount\":427,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100056-aud-gbp-down-china-credit.jpg\",\"keywords\":[\"aud\",\"australian dollar\",\"china\",\"initial jobless claims\",\"philip lowe\",\"us dollar\",\"usd\"],\"articleSection\":[\"AUD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\\\/\",\"name\":\"AUD\\\/USD: Aussie Dollar Pares Losses, US Data Mixed - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100056-aud-gbp-down-china-credit.jpg\",\"datePublished\":\"2020-05-21T14:39:35+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100056-aud-gbp-down-china-credit.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100056-aud-gbp-down-china-credit.jpg\",\"width\":800,\"height\":405,\"caption\":\"gbp-aud-bank-notes\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"AUD\\\/USD: Aussie Dollar Pares Losses, US Data Mixed\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/fiona-cincotta-bb4a4845\\\/\"],\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/fiona-cincotta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"AUD\/USD: Aussie Dollar Pares Losses, US Data Mixed - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"AUD\/USD: Aussie Dollar Pares Losses, US Data Mixed","datePublished":"2020-05-21T14:39:35+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\/"},"wordCount":427,"image":{"@id":"https:\/\/currencylive.com\/news\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100056-aud-gbp-down-china-credit.jpg","keywords":["aud","australian dollar","china","initial jobless claims","philip lowe","us dollar","usd"],"articleSection":["AUD","USD"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\/","url":"https:\/\/currencylive.com\/news\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\/","name":"AUD\/USD: Aussie Dollar Pares Losses, US Data Mixed - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100056-aud-gbp-down-china-credit.jpg","datePublished":"2020-05-21T14:39:35+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100056-aud-gbp-down-china-credit.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100056-aud-gbp-down-china-credit.jpg","width":800,"height":405,"caption":"gbp-aud-bank-notes"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/103261-aud-usd-aussie-dollar-pares-losses-us-data-mixed\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"AUD\/USD: Aussie Dollar Pares Losses, US Data Mixed"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec","name":"Fiona Cincotta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","caption":"Fiona Cincotta"},"description":"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-cincotta-bb4a4845\/"],"url":"https:\/\/currencylive.com\/news\/author\/fiona-cincotta\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100056-aud-gbp-down-china-credit.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/100364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946597"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=100364"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/100364\/revisions"}],"predecessor-version":[{"id":100365,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/100364\/revisions\/100365"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/3625"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=100364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=100364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=100364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}