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2025-07-31 10:17:49
[Australian Dollar Rebounds Slightly, Strong Economic Data May Fail to Compete Against a Strong Dollar] 1. Despite strong Australian economic data for June, the AUD/USD pair rose only 0.3% on Thursday, currently trading around 0.6453. Data showed a 1.2% month-over-month increase in retail sales in June, significantly exceeding expectations of a 0.4% increase. A 0.3% month-over-month increase in retail sales in the second quarter reversed market expectations of a flat trend. Meanwhile, building permits surged 11.9% in June, significantly exceeding the expected 2.0% increase. 2. However, the Australian dollar remains weak overall. Following the Federal Reserve's unchanged interest rate stance and Chairman Powell's dovishly hawkish signals, the continued strength of the US dollar has suppressed the Australian dollar's gains. Reserve Bank of Australia Deputy Governor Hauser's morning speech, welcoming the slowdown in inflation in the second quarter, failed to significantly boost the Australian dollar. 3. Technically, support for the Australian dollar lies between the 200-day moving average of 0.6390 and the June 23 low of 0.6373, with resistance at 0.6687.
