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Australian Dollar Follows Other Commodity Currencies in Decline, Tries to Rebound

The Australian dollar fell today together with other commodity currencies as investors were more interested in safer currencies, like the US dollar and the Japanese yen (but not the Swiss franc). That suggests that markets were in a risk-off mode, and the decline of European stocks during Monday’s trading session also implied that it was the case. The Aussie was attempting to rebound, getting support from better-than-expected macroeconomic releases in Australia […]

Swiss Franc Soft Despite Better-than-Expected Data

The Swiss franc was soft for the most part today, though it managed to log small gains versus the Australian dollar and the Japanese yen. Better-than-expected domestic macroeconomic data was unable to bolster the Swissie.

Australian Dollar Holds Steady as Optimism Wanes

The Australian dollar held its ground today despite waning optimism about the coronavirus vaccine. Domestic macroeconomic data released in Australia on Wednesday was not great but not terrible either.

Aussie Flat After Economic Data from China & Australia

The Australian dollar was trading sideways during Friday’s session as traders have paused sell-off of riskier currencies but remained cautious of the spreading coronavirus in China and its potential impact on the global economy. Australian domestic macroeconomic data was in line with expectations, and some of China’s reports were positive. While that provided a short-term boost to the Aussie, it did not last long.

Swiss Franc Rallies on Slew of Bad News, Loses Gains Later

The Swiss franc rallied today amid the negative sentiment among investors. The franc is considered a safe currency, meaning that traders prefer to buy it in times of fear and uncertainty. And on Tuesday, there were plenty of news to spook speculators. Currently, though, the Swissie has lost its gains against most other rivals.

Australian Dollar Extends Rally Caused by Stellar Employment Data

The Australian dollar continued to rise today following yesterday’s rally. The rally was a result of a very positive employment report that showed a bigger-than-expected employment growth and an unexpected drop of the unemployment rate.

AUD Starts Week Soft on Construction Data, Trade Talks Worries

The Australian dollar declined against most other major currencies today. Both domestic macroeconomic data and the general risk-off market sentiment were dragging the currency down. The risk sentiment suffered due to renewed concerns about the Sino-US trade talks.

Australian Dollar Continues to Recover Despite Retail Sales Miss

The Australian dollar extended its bounce today, gaining against most major currencies with the exception of the Swiss franc. While the rebound was not enough to erase this week’s losses, it gives the Aussie a chance to avoid ending the week as the weakest currency. As for Australia’s macroeconomic data, it was mixed today, with the housing market recovering but retail sales missing expectations.

Aussie Mixed amid Negative Fundamentals

It looked like all fundamentals were negative for the Australian dollar today. That included the disappointing growth of private sector credit, the dovish monetary policy outlook, and the market sentiment that was unfavorable for riskier currencies. Yet surprisingly, the Aussie did not perform that bad considering all the negative factors. While it fell against some major rivals, the currency managed to gain on others.

Swiss Franc Soft After Economic Growth Outlook Downgrade

The Swiss franc was very soft today after the downgrade of Switzerland’s economic growth outlook. The Swissie fell against major rivals and lost earlier gains versus commodity currencies.

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