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Australian Dollar Trades Lower

The Australian dollar traded lower against the US dollar and the Japanese yen today after risk aversion hit the market following the release of mixed macroeconomic data from China over the weekend.

Australian Dollar Weathers Impact of Negative Fundamentals

The Australian dollar rose today, withstanding negative impact of poor economic data released both from Australia and overseas. The currency reached the highest level since December versus the euro and the highest since July against the US dollar.

AUD Opens Sharply Lower, Recovers

The Australian dollar opened sharply lower today from the Friday’s close as China slashed its growth outlook. As of now, the currency recovered a bit and is trading close to or above the Friday’s closing level.

Yen Retreats, Finds Little Help from China’s Poor Manufacturing Data

The Japanese yen fell today, retreating from the highest level in almost three years against the euro, even though poor manufacturing data from China, both official and private, was detrimental to investors’ risk appetite.

Employment Data Pushes Aussie Lower, Decline Limited

The Australian dollar dropped today on the basis of the disappointing employment report. The currency bounced, though, trimming its losses with the help of crude oil rally and news from China.

Australian Dollar Gains Strength as Traders’ Mood Improves

The Australian dollar rose on Monday, climbing more than 1 percent against the Japanese yen, as the positive mood of the Forex market participants helped riskier currencies tied to commodities and growth to gain strength.

Euro Pulls Back on Profit Taking and Consolidation

Euro has been enjoying quite the rally in recent days, due mostly to dollar weakness and policy misses. However, the 19-nation currency is pulling back a bit right now as Forex traders consolidate their positions and take profits.

Chinese Yuan a Bit Stronger During Friday’s Trading

The Chinese yuan strengthened against the US dollar today as China’s central bank allowed the currency to appreciate, though gains were rather limited.

Aussie Down Intraday, Attempts to Recover

The Australian dollar dipped intraday due to disappointing manufacturing data from China but has managed to recover as of now, at least against the US dollar and the Japanese yen.

US Dollar Index Heads Lower on Fed Speculation

US dollar is struggling today, with the dollar index down as Forex traders wonder if the Federal Reserve will dial back its plans for interest rate hikes. With the global economy showing volatility, and concerns about what’s next weighing, there is some speculation that the Fed will be reluctant to keep raising rates.

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