The Australian Dollar (AUD) remains under pressure against its major currency peers during the early European trading session on Thursday. As of writing, the antipodean is down 0.17% to near 0.7110 against the US Dollar (USD).
Australian Dollar Price Today
The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. The Australian Dollar was the weakest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.04% | 0.02% | 0.33% | -0.06% | 0.14% | -0.29% | 0.37% | |
| EUR | -0.04% | -0.02% | 0.30% | -0.09% | 0.10% | -0.33% | 0.32% | |
| GBP | -0.02% | 0.02% | 0.30% | -0.08% | 0.11% | -0.31% | 0.33% | |
| JPY | -0.33% | -0.30% | -0.30% | -0.40% | -0.19% | -0.63% | 0.01% | |
| CAD | 0.06% | 0.09% | 0.08% | 0.40% | 0.21% | -0.22% | 0.42% | |
| AUD | -0.14% | -0.10% | -0.11% | 0.19% | -0.21% | -0.42% | 0.21% | |
| NZD | 0.29% | 0.33% | 0.31% | 0.63% | 0.22% | 0.42% | 0.66% | |
| CHF | -0.37% | -0.32% | -0.33% | -0.01% | -0.42% | -0.21% | -0.66% |
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).
Weak Jobs Data Weighs on the AUD
The Australian currency fell sharply in the Asian session after the release of employment data for July, which showed that employers shed 15.8K workers. Financial markets had anticipated the economy to have created 15K fresh jobs, following a gain of 80.2K in June.
Australia’s Unemployment Rate also rose to 4.5%, against expectations that it would hold steady at 4.4%.
The weak employment figures are expected to ease fears of further Reserve Bank of Australia (RBA) interest rate hikes. On Wednesday, RBA Deputy Governor Andrew Hauser warned of upside inflation risks, adding that the central bank needs to raise interest rates to bring price pressures down.
US Treasury Bond-Buying Boosts Risk Sentiment
Meanwhile, market sentiment turned risk-on following an announcement from the US Treasury Department that it will accelerate its long-dated bond-buying operations to curb high borrowing costs. The Treasury said it would at least double the size of liquidity-support buyback operations covering securities with maturities from 10 to 30 years, as the recent surge in yields had heightened concerns over market liquidity and stability, according to The Wall Street Journal.
At press time, S&P 500 futures are up 0.15% to near 7,720, reflecting a favorable environment for riskier assets. Asian stock markets are also significantly higher.
AUD/USD Technical Analysis
On the daily chart, AUD/USD trades at 0.7115, extending its advance above the 20-day Exponential Moving Average (EMA) at 0.7056 and keeping a bullish near-term bias intact. The pair holds comfortably above this dynamic support, while the Relative Strength Index (RSI) at 63.6 remains in bullish territory without yet reaching overbought levels, suggesting buyers retain control following the recent push higher.
On the downside, initial support is located at the 20-day EMA at 0.7056, where a deeper pullback would likely attract dip buyers looking to preserve the broader constructive tone. As long as AUD/USD defends this floor on daily closes, scope remains open for the pair to probe higher levels, with momentum readings hinting that any corrective phase could be relatively shallow before the uptrend resumes.
(The technical analysis in this article was written with the help of an AI tool. Know more.)
