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Australian Dollar Overcomes Impact of RBA Cut

The Australian dollar was able to overcome the negative impact of the surprise interest rate cut from the Reserve Bank of Australia, rising today. The advance happened with the help of positive macroeconomic data from Australia.

Australian Dollar Sinks Over 1% After RBA Makes Surprise Cut

The Australian dollar sank today, falling more than 1% against its major peers, after the Reserve Bank of Australia shocked the market, slashing its benchmark cash rate. Poor economic data from China weakened the currency further.

Australian Dollar Gains vs. Major Peers

The Australian dollar gained against its most liquid peers after mixed economic data released from Australia on Monday. Now, traders wait for manufacturing data from China and the policy decision of the Reserve Bank of Australia due to release tomorrow.

Australian Dollar Gains amid Confused Market Sentiment

Commodity currencies were mixed today as disappointing earnings of US companies did little to help in buoying the investors’ sentiment, but the rally of crude oil was lending support. The Australian dollar was the strongest among most-liquid commodity currencies, gaining on its major rivals.

Australian Dollar Gains After RBA Minutes & Oil Rally

The Australian dollar gained today following the release of the latest policy meeting minutes from the Reserve Bank of Australia and the bounce of crude oil prices.

Australian Dollar Backs Off After Failed Rally

The Australian dollar attempted to rally with the help of Chinese economic data released today. The currency failed to maintain its rally and currently trades near the opening level against some currencies (like the US dollar) and below the opening against others (like the Japanese yen).

Australian Dollar Gets Help from Employment Data

The Australian dollar gained against its major peers today with the help of supportive employment data. The positive report led to speculations that the Reserve Bank of Australia may refrain from cutting interest rates further.

AUD Retreats vs. USD, Keeps Gains vs. EUR

The Australian dollar gained today due to the positive trade balance report from China. As of now, the currency has lost its gains versus the US dollar but continued to rally against the euro.

Australian Dollar Starts Week with Gains

The Australian dollar rose today even though domestic macroeconomic data was somewhat disappointing. As for important economic reports outside of Australia, China’s data was mildly supportive to the currency.

Australian Dollar Benefits from China’s Data

The Australian dollar traded above the opening level today after the release of positive macroeconomic data from China. As of now, the currency has trimmed its gains but remains above the opening.

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