{"id":82266,"date":"2019-11-18T09:40:32","date_gmt":"2019-11-18T14:40:32","guid":{"rendered":"https:\/\/currencylive.com\/?p=82266"},"modified":"2019-11-18T09:41:04","modified_gmt":"2019-11-18T14:41:04","slug":"101524-aud-usd-australian-dollar-drops-as-trade-deal-fears-mount","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101524-aud-usd-australian-dollar-drops-as-trade-deal-fears-mount\/","title":{"rendered":"AUD\/USD: Australian Dollar Drops As Trade Deal Fears Mount"},"content":{"rendered":"

A strong session on Friday saw trade deal optimism boost the Australian dollar against the US dollar. The Aussie US dollar exchange rate finished Friday\u2019s session 0.5% higher at US$0.6820, in its first winning session in over 5 days. Today the pair is once again trending lower, paring Friday\u2019s gains.<\/p>\n

After a quite start to the week the Australian dollar dropped sharply lower on the latest trade deal news. Doubts over a deal between the US and China are increasing, weighing on risk sentiment.<\/p>\n

Investors have been focused on the US \u2014 Sino trade talks for months. Optimism was high on Friday that the US and China were close to a deal after White House Adviser Larry Kudlow\u2019s comments that the two sides were nearing the final stages of a phase one trade deal.<\/p>\n

Today, however, sentiment has soured on reports that China is troubled by the refusal of the US to rollback trade tariffs. China had said that the two sides agreed to rolling back the tariffs, something that President Trump then denied.<\/p>\n

The Aussie dollar is particularly affected by US \u2014 China trade headlines because China is Australia’s main trading partner. Weakness in the Chinese economy owning to the trade dispute is a negative for the Australian economy and the Aussie dollar.<\/p>\n

Dollar Slips As Investors Weigh Up Fed\u2019s Position<\/strong><\/p>\n

The US dollar was broadly lower versus its peers in early trade on Monday albeit higher versus the Australian dollar. In addition to trade headlines US dollar investors were disappointed by Jerome Powell\u2019s appearance before Congress last week.<\/p>\n

Federal Reserve Chair Jerome Powell gave an upbeat assessment of the US economy. Yet whilst the US economy is recovering, it is doing so at a slow pace. As a result, Jerome Powell sees no need to tighten monetary policy. US dollar investors were disappointed by the Fed\u2019s neutral stance.<\/p>\n

The US economic calendar is quiet at the start of the week. Investors will glance towards US retailers which are due to report earnings in the first half of the week. Earnings from big names such as Macy\u2019s and Home Deport will also give a clue as to how the US consumer is holding up. Weak earnings numbers could unnerve dollar investors.<\/p>\n

 <\/p>\n\n\n\n\n
What do these figures mean?<\/strong><\/td>\n<\/tr>\n
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.<\/p>\n

For example, it could be written:<\/p>\n

1 USD = 0.6784 AUD<\/em><\/p>\n

Here, $1 is equivalent to approximately A$0.67. This specifically measures the US dollar\u2019s worth against the Australian dollar. If the Aussie dollar amount increases in this pairing, it\u2019s positive for the US dollar.<\/p>\n

Or, if you were looking at it the other way around:<\/p>\n

1 AUD = 1.4739 USD<\/em><\/p>\n

In this example, A$1 is equivalent to approximately $1.47. This measures the Australian dollar\u2019s worth versus the US Dollar. If the US dollar number gets larger, it\u2019s good news for the Aussie dollar.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

 <\/p>\n

\n
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A strong session on Friday saw trade deal optimism boost the Australian dollar against the US dollar. The Aussie US dollar exchange rate finished Friday\u2019s session 0.5% higher at US$0.6820, in its first winning session in over 5 days. Today the pair is once again trending lower, paring Friday\u2019s gains. After a quite start to […]<\/p>\n","protected":false},"author":163946597,"featured_media":5545,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1381],"tags":[1578,1541,1438,1445,1415,1479,1431,1400,1397,1398],"class_list":{"0":"post-82266","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-aud","8":"category-usd","9":"tag-aussie-dollar","10":"tag-australian-dollar","11":"tag-federal-reserve","12":"tag-jerome-powell","13":"tag-trade-dispute","14":"tag-trade-talks","15":"tag-trade-war","16":"tag-trump","17":"tag-us-dollar","18":"tag-usd"},"acf":[],"yoast_head":"\nAUD\/USD: Australian Dollar Drops As Trade Deal Fears Mount - 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\/101524-aud-usd-australian-dollar-drops-as-trade-deal-fears-mount\/\" \/>\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=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101524-aud-usd-australian-dollar-drops-as-trade-deal-fears-mount\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101524-aud-usd-australian-dollar-drops-as-trade-deal-fears-mount\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"AUD\\\/USD: Australian Dollar Drops As Trade Deal Fears Mount\",\"datePublished\":\"2019-11-18T14:40:32+00:00\",\"dateModified\":\"2019-11-18T14:41:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101524-aud-usd-australian-dollar-drops-as-trade-deal-fears-mount\\\/\"},\"wordCount\":760,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101524-aud-usd-australian-dollar-drops-as-trade-deal-fears-mount\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100612-gbp-eur-uk-manufacturing-drag-gbp.jpg\",\"keywords\":[\"Aussie dollar\",\"australian dollar\",\"federal reserve\",\"Jerome Powell\",\"trade dispute\",\"trade talks\",\"trade war\",\"trump\",\"us dollar\",\"usd\"],\"articleSection\":[\"AUD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101524-aud-usd-australian-dollar-drops-as-trade-deal-fears-mount\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101524-aud-usd-australian-dollar-drops-as-trade-deal-fears-mount\\\/\",\"name\":\"AUD\\\/USD: Australian Dollar Drops As Trade Deal Fears Mount - 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