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AUD/USD pair reaches 0.6537 at the start of the week’s session, a level last seen on November 25, 2024.AUD/USD braces for volatility with US Durable Goods and Consumer Confidence Data.AUD/USD retreats from six-month high but remains steady with resistance firming at 0.6500.The Australian Dollar (AUD) is consolidating within a narrow range against the US Dollar (USD) after reaching a six-month high early Monday. However, the pair retreated from the highs ahead of Tuesday’s key economic data.Recent broad-based weakness in the US Dollar has supported demand for risk-sensitive currencies, allowing AUD/USD...

Wealthy mainland Chinese are increasingly shifting their attention and capital away from the US to other real estate markets amid rising geopolitical tensions between Washington and Beijing, according to property agents.In 2024, Chinese buyers’ demand for homes that cost more than US$5 million moved to Thailand, Australia and Canada, respectively, according to data tracked by Juwai IQI.By comparison, the US in 2023 was the top choice among Chinese buyers, according to the property portal, which has a network of over 50,000 real estate professionals across more than 30 countries.“Geopolitical friction,...

On President Donald Trump’s much-touted April 2 “Liberation Day,” he unveiled a range of potentially debilitating “reciprocal” tariffs on the United States’ major trading partners—and most other countries as well. Surprisingly, some of the countries facing the highest tariffs after the April announcement were U.S. partners in Asia, such as Japan, South Korea, and Vietnam; Vietnam, a huge trading partner, was hit with a 46 percent “reciprocal” tariff. Trump also put tariffs on Cambodia—a whopping 49 percent for one of East Asia’s poorest countries—and even Australia, a critical security ally...