The AUD/USD pair is trading quietly near 0.6550 during the European trading session on Monday. The Australian pair is consolidating while the US dollar rebounds to a two-week low, suggesting that the Australian dollar is underperforming its currency counterparts.
At the time of writing, the US Dollar Index (DXY), which tracks the value of the dollar against six major currencies, was trading 0.2% lower at 99.25.
US dollar price today
The table below shows the percentage change in the US Dollar (USD) against the major currencies listed today. The US dollar was the weakest against the Japanese yen.
| US dollars | euro | GBP | JPY | Canadian | Australian dollar | New Zealand dollar | Swiss franc | |
|---|---|---|---|---|---|---|---|---|
| US dollars | -0.21% | 0.15% | -0.61% | 0.08% | 0.05% | 0.12% | -0.03% | |
| euro | 0.21% | 0.36% | -0.31% | 0.29% | 0.27% | 0.33% | 0.18% | |
| GBP | -0.15% | -0.36% | -0.68% | -0.06% | -0.09% | -0.02% | -0.18% | |
| JPY | 0.61% | 0.31% | 0.68% | 0.63% | 0.59% | 0.66% | 0.50% | |
| Canadian | -0.08% | -0.29% | 0.06% | -0.63% | -0.03% | 0.04% | -0.12% | |
| Australian dollar | -0.05% | -0.27% | 0.09% | -0.59% | 0.03% | 0.07% | -0.09% | |
| New Zealand dollar | -0.12% | -0.33% | 0.02% | -0.66% | -0.04% | -0.07% | -0.16% | |
| Swiss franc | 0.03% | -0.18% | 0.18% | -0.50% | 0.12% | 0.09% | 0.16% |
The heat map shows the percentage changes in major currencies versus each other. The base currency is chosen from the left column, while the counter currency is chosen from the top row. For example, if you select USD from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
The US dollar is under pressure as traders remain increasingly confident that the Federal Reserve Bank (Fed) will cut interest rates at its monetary policy meeting scheduled for next week.
According to CME FedWatch, there is a possibility of a rate cut by the Fed Interest rates by 25 basis points to 3.50%-3.75% in December is 87.4%. The Fed’s dovish outlook arose after Bank of New York President John Williams argued in late November that there was more room for further rate cuts, citing downside risks related to business and economic risks.
Going forward, the main catalyst for the US dollar will be the US ISM Manufacturing and Services PMI and the September ADP employment change data, which will be released this week. In Monday’s session, ISM Manufacturing PMI data will be published at 15:00 GMT, which is expected to come in lower at 48.6 from 48.7 in October.
Meanwhile, the Australian dollar is weakening as a result of disappointing Chinese Manufacturing PMI data from RatingDog for November. Earlier today, data showed that activities in the manufacturing sector unexpectedly declined. The PMI data came in at 49.9, below estimates of 50.5 and the previous reading of 50.6.
This week, the main catalyst for the Australian dollar will be the third quarter GDP data, which is scheduled for release on Wednesday. The Australian Bureau of Statistics is expected to show that the economy expanded at a rate of 0.7%, which is faster than the 0.6% growth seen in the previous quarter.
Economic indicator
GDP (Quarterly)
GDP, issued by Australian Bureau of Statistics On a quarterly basis, it is a measure of the total value of all goods and services produced in Australia during a given period. GDP is the main measure of Australian economic activity. The quarterly reading compares economic activity in the reference quarter with the previous quarter. Generally, a rise in this indicator is considered bullish for the Australian Dollar (AUD), while a low reading is considered bearish.
Read more.
Next release:
Wednesday 03 December 2025 at 00:30
repetition:
Quarterly
consensus:
0.7%
former:
0.6%
source:
Australian Bureau of Statistics
The Australian Bureau of Statistics (ABS) releases gross domestic product (GDP) on a quarterly basis. It is published approximately 65 days after the quarter ends. The index is closely watched, because it paints an important picture of the economy. A strong labor market, rising wages and rising private capital expenditure data are crucial to improving the country’s economic performance, which in turn influences the monetary policy decision of the Reserve Bank of Australia (RBA) and the Australian dollar. Actual numbers above estimates are bullish for the Australian dollar, as they may prompt the Reserve Bank of Australia to tighten its monetary policy.
