Australian Dollar Holds Steady as US Dollar Gains Ahead of Jobless Claims Data

AUD/USD Flatlines as US Dollar Advances Ahead of Key US Jobless Claims Data

Published: Thursday, June 5, 2025 | Source: Tredu.com Forex Analysis Team

The Australian Dollar (AUD) is trading flat against the US Dollar (USD) on Thursday, as forex traders digest mixed economic signals from both Australia and the US. The AUD/USD pair continues to hover in positive territory, supported by China’s Services PMI and a weaker USD earlier in the week.

🇦🇺 Australia’s Trade Surplus Falls Below Forecast

Australia’s Trade Balance report for April showed a surplus of 5.413 billion AUD, falling short of market expectations of 6.1 billion. Key details include:

• Exports: -2.4% MoM (vs +7.2% in March)
• Imports: +1.1% MoM (vs -2.4% in March)

This marks a soft patch for Australia’s external sector, yet the Aussie Dollar remains resilient, thanks in part to upbeat data from its largest trading partner — China.

China’s Caixin Services PMI Supports Risk Sentiment

China’s Caixin Services PMI rose to 51.1 in May from 50.7 in April, in line with forecasts. This signals moderate expansion in China’s services sector, which typically bodes well for commodity-linked currencies like the AUD.

US Dollar Mixed Ahead of Jobless Claims and NFP

The US Dollar regained some ground on Thursday, but broader sentiment remains cautious after weaker US economic data earlier in the week. Investors are now watching:

• Initial Jobless Claims – due later today
• Nonfarm Payrolls (NFP) – due Friday

The outcome of these indicators could shape the Federal Reserve’s rate outlook, influencing USD movement further.

Related on Tredu.com:

• How China's PMI Impacts AUD/USD
• Live AUD/USD Chart & Analysis
• What to Expect from This Week’s NFP Report

Conclusion: Range-Bound Trading Ahead of US Data

With mixed economic releases and a cautious Fed outlook, AUD/USD is likely to trade within a narrow range until clearer signals emerge from the US jobless claims and NFP data. Technical levels around 0.6650–0.6700 may act as near-term pivot zones.