The Australian dollar is maintained, the bullish potential seems due to the weakening of US economic conditions.

• The Australian dollar could advance while the US dollar fights after the beige book of the Fed that suggests a weakening of economic conditions.
• President Trump said US will establish rates for China in the next two to three weeks.
• The US dollar fights after the publication of a GLOBAL GLOBY PMI MIXTO on Wednesday.

The Australian dollar (AUD) remains stable on Thursday after two consecutive days of losses. The aud/USD torque could see profits as the US dollar (USD) faces pressure after the Beige Book of the Federal Reserve (FED) suggested a weakening of economic conditions.

According to the Book Beige of April of the Fed, concerns about the rates have worsened economic perspectives in several regions of the United States (USA). The consumer spending presented a mixed image, while the labor market showed signs of weakening, with many districts reporting stable or slightly decline employment levels.

The president of the USA, Donald Trump, declared that it depends on China how soon the rates can be reduced. Trump mentioned that the US will determine rates for China in the next two to three weeks. “If we do not reach an agreement, we are simply setting the price; then it depends on them to decide if they want to proceed,” he said. He also pointed out that China is currently not doing business with the US, adding that the rate remains at 145%. However, the director of the National Economic Council, Hasett, said on Wednesday that a complete commercial agreement between China and the US could take 2 to 3 years.

The preliminary data of the Judo Bank of Australia on Wednesday showed that the activity of the private sector grew for the seventh consecutive month in April, supported by the continuous expansion in both manufacturing and services.

The Australian dollar remains silent while the US dollar fights after mixed PMI data

• The American dollar index (DXY), which measures the USD compared to six main currencies, goes back after registering profits in the two previous sessions, quoting about 99.60 at the time of writing. The dollar faces winds against after the publication of a PMI of Global Mixed S&P on Wednesday.
• The preliminary compound PMI of Global S&P for April fell to 51.2 from 53.5, indicating a slowdown in general business activity. Although the manufacturing PMI rose to 50.7, the PMI of Services fell dramatically to 51.4 from 54.4, pointing to a weakened demand in the services sector.
• Chris Williamson of S&P Global commented that the impulse of growth is losing strength, while the persistent inflation pressures continue to complicate the federal reserve efforts to find a balance.
• The director of the National Economic Council, Kevin Hasett, the main economic advisor of President Trump, declared that the US trade representative (USTR) has 14 meetings scheduled with foreign trade ministers. Hasset also said that 18 written proposals from these ministers have been received. According to Hasset, China is still open to negotiations.
• The US dollar was strengthened, supported by comments by the Secretary of the US Treasury, Scott Besent, who described the current stagnation of rates as “unsustainable”, suggesting a possible movement towards the broken.
• The feeling of the market was promoted by US president, Donald Trump, who assured investors that he has no intention of dismissing the president of the Federal Reserve (Fed), Jerome Powell, helping to relieve concerns about the independence of the Central Bank and the address of politics.
• President Trump also expressed optimism about the ongoing trade negotiations with China, stating that the discussions were advancing well. Trump added that, although rates on Chinese products would not be as high as 145%, they would not be completely eliminated.
• The White House announced Tuesday that the Trump administration is moving forward in the negotiation of trade agreements aimed at relieving the wide rates introduced earlier this month. According to the US press secretary, Karoline Leavitt, 18 countries have already submitted commercial proposals to the US, and President Trump’s commercial team is scheduled to meet this week with representatives of 34 nations to explore possible agreements.
• The governor of the Board of the Federal Reserve, Adriana Kugler, declared on Tuesday that the U.S. Unexpectedly high import rates will probably push up prices. According to Reuters, Kugler emphasized that the Federal Reserve should maintain current short -term interest rates until inflationary pressures begin to decrease.
• The Judo Bank manufacturing PMI fell to a minimum of two months of 51.7 in April, compared to 52.1 in March. Although manufacturing production remained in expansion territory, the increase in new orders was modest. Meanwhile, the PMI of services decreased slightly to 51.4 from 51.6 in the previous month, and the compound PMI was also reduced to 51.4 from 51.6.

The Australian dollar proves the 0.6350 support near the nine -day EMA

The Aud/USD is negotiating about 0.6360 on Thursday, with technical indicators in the daily graphic reflecting a bullish tone. The pair continues to remain above the nine -day exponential (EMA) mobile average, while the 14 -day relative force index (RSI) remains stable above 50, suggesting a sustained bullish impulse.

On the positive side, the immediate resistance is observed in the recent maximum of four months of 0.6439, marked on April 22. A decisive rupture above this level could pave the way for a rebound towards a maximum of five months of 0.6515.

The Aud/USD torque is testing immediate support in the nine -day EMA of 0.6346, with a stronger support near the 50 -day EMA at 0.6296. A sustained drop below these levels would undermine the upward configuration and could lead to deeper losses, potentially exposing the minimum of March 2025 around 0.5914.

AUD/USD: Daily graphic