AUD/JPY — News Archive

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Aussie Weakens on Poor China’s Data, Market Sentiment

The Australian dollar was soft today as the market sentiment remained negative following yesterday’s news about an attack on oil tankers in Middle East. Mixed macroeconomic data in China, Australia’s biggest trading partner, added to downside pressure on the currency. While some of the indicators were good, the arguably more important ones were surprisingly bad, suggesting that the Chinese economy struggles to maintain its impressive growth.

Next Move for AUD/JPY After Revisiting 74.96

By confirming 76.00 as resistance and revisiting 74.96 the price opens the door to very interesting possibilities.

Australian Dollar Weak After Release of Employment Data

The Australian dollar was weak today, falling for the seventh consecutive trading session against the euro, following the release of employment data in Australia. While the report was not entirely bad, the market preferred to focus on the bad part.

Australian Dollar Remains Soft After Domestic, China’s Data

The Australian dollar continued to demonstrate weakness as risk appetite was slowly coming off markets. Domestic macroeconomic data was weighing on the currency further as the consumer sentiment deteriorated sharply. And while China’s consumer inflation was accelerating, painting a positive picture of the economic health of Australia’s biggest trading partner, that led to concerns that Beijing may withdraw stimulus if prices continue to rise at a fast pace.

AUD/JPY Might Revisit 74.96

As the bulls tried to conquer the 76.02 level, the bears managed to turn the appreciation in their favor, causing a descent that can be considered a confirmation of the level as a resistance.

Aussie Soft due to Risk Aversion, Chinese Data

As many other currencies, the Australian dollar was soft today due to risk aversion caused by escalating US trade wars. Poor China’s macroeconomic data was not helping to improve the traders’ mood either.

Aussie Rallies Despite Poor Domestic Data, Unable to Keep Gains

The Australian dollar rallied today despite extremely poor domestic macroeconomic data. The possible reason for that was the fact that the market sentiment stabilized as traders priced in the trade war between the United States and China. Yet the currency was unable to hold onto gains and is currently trading below the opening level.

Australian Dollar Falls After Unemployment Rate Rises

The Australian dollar fell today following the release of employment data. While the report had both positive and negative parts, markets preferred to focus on the negative ones. Additionally, the monetary policy outlook worsened.

Aussie Under Pressure from Wage Inflation Miss, Chinese News

The Australian dollar was under pressure today from the wage inflation miss. News from China did not do the currency any favors either.

Aussie Sinks as US-China Trade Tensions Sour Market Sentiment

The Australian dollar sank today, leading the decline among riskier commodity currencies, as the market sentiment deteriorated amid escalating trade tensions between China and the United States. Domestic macroeconomic data was not helpful to the Aussie either.

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