AUD/USD: Top Loser of Asian/Early European Trading on Friday

Tina Collins

04 Apr 2025 — 1 min read

AUD/USD: Top Loser of Asian/Early European Trading on Friday

The Australian Dollar (AUD) experienced significant depreciation, becoming the top loser during the Asian and early European trading sessions.

The currency fell over 2%, primarily due to heightened risk aversion that weakened stocks and commodities, coupled with a stronger U.S. Dollar.
China's announcement of 34% retaliatory tariffs on U.S. goods escalated existing trade tensions, leading to a global market sell-off.

The Australian market was particularly affected due to its close economic ties with China.

The Australian Securities Exchange (ASX) experienced a $50 billion sell-off, with the ASX 200 index dropping 2.44% to 7,667.80, marking its lowest level in 100 days.

This decline was attributed to global market turbulence triggered by U.S. President Trump's surprise tariff announcements.
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The U.S. Dollar strengthened amid market fears over President Donald Trump's new tariff measures and their potential impact on the global economy.

This contributed to the negative near-term outlook for the AUD.

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