RBA’s Hauser: Direct impact of any US tariffs on Australia likely limited
Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser said in a scheduled speech in Sydney on Wednesday that the “direct impact of any US tariffs on Australia is likely to be limited.”
Additional quotes
A global trade war would hit activity, but much depends on how China would react.
Australia has strong comparative advantages in raw materials and services.
Flexible exchange rate, independent monetary policy are powerful shock-absorbers.
Impact on Australian inflation ambiguous, could move in either direction.
Wll watch tariff developments closely, ready to respond appropriately.
RBA will respond in either direction, with force if needed, to meet the mandate.
Market reaction
AUD/USD is off the multi-month low but remains 0.40% lower on the day, near 0.6360, as of writing.
Australian Dollar PRICE Today
The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the weakest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF |
|---|---|---|---|---|---|---|---|
| USD | 0.22% | 0.19% | -0.18% | 0.07% | 0.32% | 0.38% | 0.15% |
| EUR | -0.22% | -0.03% | -0.38% | -0.16% | 0.09% | 0.16% | -0.07% |
| GBP | -0.19% | 0.03% | -0.37% | -0.12% | 0.13% | 0.18% | -0.05% |
| JPY | 0.18% | 0.38% | 0.37% | 0.26% | 0.53% | 0.57% | 0.35% |
| CAD | -0.07% | 0.16% | 0.12% | -0.26% | 0.26% | 0.31% | 0.08% |
| AUD | -0.32% | -0.09% | -0.13% | -0.53% | -0.26% | 0.06% | -0.17% |
| NZD | -0.38% | -0.16% | -0.18% | -0.57% | -0.31% | -0.06% | -0.23% |
| CHF | -0.15% | 0.07% | 0.05% | -0.35% | -0.08% | 0.17% | 0.23% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).
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