AUD/USD RECOVERY TEMPORARY AS PRESSURE FROM USD STRENGTH PERSISTS

Tina Collins

15 Jan 2025

AUD/USD briefly rose above 0.6200 but failed to sustain the move.

The US Dollar weakened further on tariff news and US data, pushing the USD Index (DXY) to the low 109.00s.

The Westpac Consumer Confidence Index for Australia dropped slightly in January.

Despite a positive start to the week, the Australian Dollar remains under pressure due to the strengthening US Dollar, fueled by the "Trump trade" since October.

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BITCOIN PRICE STALLS AT $100.6K AS TRUMP-LINKED TOKENS GAIN POPULARITY

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