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Aussie hits 2025 highs...and continues to frustrate
June 30 2025 • 4 mins
AUD/USD traded to new highs for the year at 0.6564 last Thursday, fueled by the (fragile) Israel-Iran ceasefire and President Trump's plans to undermine Fed Chair Powell by announcing his nomination well ahead of schedule. But once again, AUD/USD lacked follow through momentum. Trump's decision to halt trade discussions with Canada curbed AUD's momentum late last week (though Canada dropped their planned digital services tax today).
The KangaNews Fixed Income Trading and Research Poll 2025
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