AUD/USD soars to YTD high as DXY slumps despite solid US jobs report

By: bitcoin ethereum news|2025/05/03 01:15:01
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US NFP beats at 177K, but Fed seen delivering only three cuts instead of four. DXY drops 0.58% to 99.59, fueling demand for risk-sensitive currencies like the Aussie. Traders favor AUD as risk appetite improves and US policy outlook remains data-dependent. The Australian Dollar surged to a new year-to-date (YTD) high of 0.6469, gaining over 1.20% following a strong jobs report in the United States (US) that suggested the economy remains solid. AUD/USD jumps 1.20% to 0.6469 as Dollar weakens on shifting Fed rate cut bets and upbeat risk sentiment Nonfarm Payroll figures in April rose by 177K, up from 130K projected, and trailed March’s downward revised 185K numbers. The Unemployment Rate was unchanged as expected at 4.2% and reaffirms the Federal Reserve’s (Fed) posture of waiting for the hard data to dictate monetary policy. Hence, traders who expected four rate cuts according to the Fed Funds rates futures now expect three. Despite the strong data, the Aussie Dollar is also rising as the US Dollar Index (DXY) tumbles. The DXY who tracks the performance of the American Dollar against a basket of six peers, is down 0.58% at 99.59. AUD/USD Price Chart – Daily Although hitting new yearly highs, traders should know that the 200-day Simple Moving Average (SMA) at 0.6461 is the first resistance level. A decisive break will expose the 0.6500 figure and the November 25 peak at 0.6549. Failure at the 200-day SMA would exacerbate a pullback toward 0.6400 and lower the exchange rate. Australian Dollar PRICE This year The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies this year. Australian Dollar was the strongest against the US Dollar. 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). Source: https://www.fxstreet.com/news/aud-usd-soars-to-ytd-high-as-dxy-slumps-despite-solid-us-jobs-report-202505021526

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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