The Australian dollar weakened to below $0.658 on Friday, ending its three-day winning streak, as sentiment turned cautious following a fresh wave of tariff threats from US President Donald Trump. On Thursday, Trump announced a 35% tariff on Canadian imports starting August 1, citing Ottawa’s retaliatory tariffs. He also signaled plans to impose blanket tariffs of 15% to 20% on most other trade partners — a further blow to Australia, which relies heavily on free trade for its commodity exports and is currently subject to a 10% levy. On the policy front, the Aussie had been supported by the Reserve Bank of Australia’s surprise decision to hold rates at 3.85%. However, rate cut bets for August are firming, with markets now pricing in an 89% chance, though much hinges on Q2 inflation data due July 30. A 0.6%–0.7% rise in core inflation would likely clear the way for a cut, while a stronger reading could delay easing. The Aussie is up 0.5% so far this week, set for its third weekly gain.
The AUD/USD exchange rate fell to 0.6574 on July 11, 2025, down 0.29% from the previous session. Over the past month, the Australian Dollar has strengthened 0.63%, but it's down by 3.09% over the last 12 months. Historically, the Australian Dollar reached an all time high of 1.49 in December of 1973. Australian Dollar - data, forecasts, historical chart - was last updated on July 13 of 2025.
The AUD/USD exchange rate fell to 0.6574 on July 11, 2025, down 0.29% from the previous session. Over the past month, the Australian Dollar has strengthened 0.63%, but it's down by 3.09% over the last 12 months. The Australian Dollar is expected to trade at 0.64 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.61 in 12 months time.