Aussie dollar steady amid tariff uncertainty, inflation watch

The Australian dollar held steady around $0.627 on Thursday, trading flat for a third consecutive session as traders awaited more clarity on U.S. President Donald Trump’s tariff plans.

Aussie dollar steady amid tariff uncertainty, inflation watch

Earlier in the week, the Aussie strengthened after Trump held off on imposing tariffs but then issued a threat of a 10% tariff on China, which was lower than market expectations. Given the close economic relationship between Australia and China, any developments in China’s economy could significantly impact Australian markets. Domestically, traders focus on next week’s quarterly inflation report, which could provide essential clues about the future direction of local interest rates.

Speculation grows of rate cuts by RBA next month

Growing speculation suggests the Reserve Bank of Australia may begin cutting rates as soon as next month.