Live Updates > Live Update Details
2025-09-12 16:04:34
[Australian Dollar Hits 10-Month High Against the US Dollar, Market Focus on Fed Rate Cut Expectations] ⑴ The Australian Dollar (AUD) hit a 10-month high of 0.6668 during Asian trading hours, breaking through 0.6664. ⑵ 0.6664 was Thursday's high, after a sharp rise in US initial jobless claims weighed on the US dollar. ⑶ The market expects the Federal Reserve to cut interest rates by 25 basis points next week, with expectations for further cuts to follow. ⑷ CFTC data, to be released at 7:30 PM Beijing time, will reveal whether net short Australian dollar positions decreased further in the week ending September 9. ⑸ Net short Australian dollar positions fell 18% to 82,683 contracts in the week ending September 2. ⑹ Resistance levels for the AUD/USD include 0.6687 (November 2024 high) and the 0.67 level.
