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Australian Dollar Soars Despite Interest Rate Cut from RBA

The Australian dollar was the strongest currency on the Forex market today even though the Reserve Bank of Australia expanded its stimulus more than was expected. Market analysts explained the currency’s stellar performance by the risk-positive market sentiment and the sell-off of the US dollar.

CAD Surges on Sharp Oil Prices Rebound, Strong Manufacturing PMI

The Canadian dollar was the strongest currency on the Forex market on Monday. The reason for the currency’s impressive performance was primarily the sharp bounce of crude oil prices, though Canada’s macroeconomic data was also supportive of the loonie.

Australian Dollar Second Strongest Ahead of RBA Meeting

The Australian dollar was the second strongest currency on the Forex market today, losing only to the Canadian dollar. The Aussie rallied for the same reasons as the New Zealand dollar: the rebound of crude oil prices, good economic data in China, decent domestic macroeconomic reports.

Canadian Dollar Rises as GDP Continues to Grow, Oil Prices Rise

Commodity currencies were the clear winners today, and the Canadian dollar was among them. It was trading on par with its Australian and New Zealand counterparts but gained against major rivals. Market analysts speculated that such behavior was a result of month-end flows, which drove the US dollar down, though the Canadian currency has its own factors to support it.

Canadian Dollar Firm After BoC Policy Meeting

The Canadian dollar was firm today, though fell against other commodity currencies. The loonie rallied even after the Bank of Canada signaled that it plans to keep monetary policy accommodative for a long time. Domestic housing data was favorable but hardly had any impact on the Canadian currency.

Aussie Soft After Economy Enters First Recession in Almost 30 Years

The Australian dollar was soft today after data confirmed that Australia’s economy has entered a recession. The losses were limited, though, and the Aussie managed to remain flat against a range of peers. The currency had a muted reaction to yesterday’s monetary policy announcement from the Australian central bank.

AUD/CAD on the Grey Line at 0.9093

The Australian dollar versus the Canadian dollar currency pair seems to be willing to still think where to go next. But does the market offer some guides?

AUD/CAD Between 0.9093 and 0.9010

The Australian dollar versus the Canadian dollar currency is in a position from where it could go either up or down. Is there any hint on the direction?

Canadian Dollar Soft Despite Rally of Crude Oil

The Canadian dollar was trading in the red for the most part today. The loonie was flat against the Japanese yen and gained on the Australian dollar but dropped versus the rest of the most-traded currencies. This is surprising considering the strong rally of crude oil, Canada’s major export commodity.

AUD/CAD Back at 0.9093

The Australian dollar versus the Canadian dollar currency pair is testing the important area of 0.9093. Where could the market go to?

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