{"id":363915,"date":"2025-01-31T23:24:47","date_gmt":"2025-01-31T17:54:47","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=363915"},"modified":"2025-01-31T23:24:47","modified_gmt":"2025-01-31T17:54:47","slug":"aud-usd-edges-higher-despite-tariff-concerns-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/aud-usd-edges-higher-despite-tariff-concerns-crypto-news\/","title":{"rendered":"AUD\/USD edges higher despite tariff concerns &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>Trump reiterates tariff threats on Mexico, Canada, and China.<\/strong><\/li>\n<li><strong>Fed maintains cautious stance on inflation risks, holding rates steady.<\/strong><\/li>\n<li><strong>AUD\/USD hovers near 0.6215 amid RBA rate cut bets and China\u2019s economic slowdown.<\/strong><\/li>\n<\/ul>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/audusd\" data-fxs-autoanchor=\"\">The AUD\/USD pair<\/a> trades slightly higher at 0.6215 in the Asian session on Friday but remains under pressure due to fresh tariff threats from US President Trump. Market participants continue to anticipate a dovish shift from the Reserve Bank of Australia (RBA) in February, adding to the Aussie\u2019s downside risks.\u00a0<\/p>\n<h2 class=\"fxs_headline_medium\">Trade tensions weigh on sentiment<\/h2>\n<p>Trump reaffirmed plans to impose tariffs on Mexico, Canada, and China, fueling safe-haven demand for the US Dollar and claiming to plan to impose 100% tariffs on BRICS nations if they try to replace the US Dollar (USD) with a new currency in international trade. Trump posted on TruthSocial: \u201cWe are going to require a commitment from these seemingly hostile countries that they will neither create a new BRICS currency, nor back any other currency to replace the mighty US Dollar or, they will face 100% tariff,<\/p>\n<p>On the data front, the US Core Personal Consumption Expenditures (PCE) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\" data-fxs-autoanchor=\"\">Price Index<\/a> rose 0.2% month-on-month as expected, while annual core PCE remained unchanged at 2.8%. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/fed\" data-fxs-autoanchor=\"\">Fed<\/a> officials, including Governor Michelle Bowman, warned of lingering upside inflation risks, reinforcing expectations that rate cuts could be delayed.<\/p>\n<p>In Australia, the latest data reinforced expectations that the RBA will pivot to policy easing. Q4 inflation figures came in lower than anticipated, with trimmed mean CPI easing to 3.2%, below the RBA\u2019s previous forecast of 3.4%. Traders now fully price in a 25-basis-point rate cut at the February meeting.<\/p>\n<h2 class=\"fxs_headline_medium\">Technical overview<\/h2>\n<p>AUD\/USD remains range-bound, lacking strong directional momentum. The Relative Strength Index (RSI) is at 47, still in negative territory but recovering. The MACD histogram shows decreasing green bars, suggesting fading bullish momentum.<br \/>Immediate resistance is seen at 0.6230 at the the 20-day Simple Moving Average (SMA). On the downside, key support lies at 0.6200, with a break lower opening the door to further declines toward 0.6170. Until a decisive move occurs, the pair is likely to consolidate within the current range.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Trump reiterates tariff threats on Mexico, Canada, and China. Fed maintains cautious stance on inflation risks, holding rates steady. AUD\/USD hovers near 0.6215 amid RBA rate cut bets and China\u2019s economic slowdown. The AUD\/USD pair trades slightly higher at 0.6215 in the Asian session on Friday but remains under pressure due to fresh tariff threats [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":362584,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[377,201,248,251,246,257,276,255,250,277,252,247,253,249,3206,256,254],"class_list":["post-363915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-audusd","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-currencies","tag-gta","tag-looks-rare","tag-majors","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-tradewar","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/363915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=363915"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/363915\/revisions"}],"predecessor-version":[{"id":363930,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/363915\/revisions\/363930"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/362584"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=363915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=363915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=363915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}