FX.co ★ Ambe | AUD/USD
AUD/USD
The Australian dollar (AUD) has been under pressure against the US dollar (USD), experiencing a decline for the fourth consecutive day on Thursday. However, the release of positive Australian export price data provided a temporary reprieve, boosting the AUD against the USD. According to figures released by the Australian Bureau of Statistics, export prices saw a 3.6% increase in the fourth quarter of 2024 compared to the previous quarter. This reversal of a 4.3% decline in the third quarter marks the first increase in export prices since the fourth quarter of 2023, suggesting improving trade conditions for Australia. The Australian economy is projected to have expanded by approximately 0.2% in 2024, a significant rebound from the 1.4% contraction experienced in the third quarter. This positive growth figure surpasses market expectations of a 1.5% decline and indicates resilience in the face of global economic headwinds.
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