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Aussie Beats Rivals with Help from Domestic & Chinese Economic Reports

The Australian dollar rose today. In fact, it was the strongest among most-traded currencies on the Forex market. The Aussie got a boost from positive macroeconomic data, both domestic and Chinese.

Japanese Yen Opens Higher, Turns Lower Afterward

The Japanese yen started the trading week higher versus other most-traded currencies but has reversed its movement afterward and is currently trading far below the opening level against basically all other major rivals. Market analysts explained the moves by the improving market sentiment, though, in the longer-term, the outlook remains favorable to the currency.

Aussie Comes to the Top After Positive PMI Releases

The Australian dollar was the strongest currency on the Forex market today, rising against all other most-traded counterparts after declining intraday. The rally was a result of risk appetite caused by positive PMI reports for various countries, including Australia itself.

Australian Dollar Recovers from Daily Lows, Domestic Data Supports

The Australian dollar was weak intraday on Wednesday but has currently recovered and is one of the strongest currencies on the Forex market for the day, rising against most of its major rivals and trading about flat against the rest of them. Domestic macroeconomic data was supportive of the currency while reports in China, Australia’s biggest trading partner, were negative.

Japanese Yen Gains as Trading Week Starts

The Japanese yen rallied at the start at the trading week, rising against almost all other most-traded currencies with the exception of the Australian dollar. Traders were cautious due to various negative factors such as the anticipation of a global economic slowdown, the conflict between the United States and China, and protests in the USA.

Australian Dollar Strongest amid Risk Appetite, Traders Wait for NFP

The Australian dollar was the strongest currency on the Forex market today, rising to multi-month highs, amid risk appetite that returned to markets. Other riskier currencies were strong as well while safer ones were on the defensive. Traders wait for US nonfarm payrolls due for release at 12:30 GMT.

Australian Dollar Retreats After Economy Contracts, Ending Almost 30-Year Expansion

The Australian dollar was rising at the start of today’s trading session, reaching multi-month highs, but has retreated after the release of Australian gross domestic product for the first quarter of this year. The report revealed that the Australian economy contracted, ending its record almost 30-year period of growth.

Aussie Soft Despite Rebound in Chinese Industrial Production

The Australian dollar was soft today despite a rebound of industrial production in China — Australia’s biggest trading partner. Other indicators released in China today were not good, though. There were no economic releases in Australia today, and yesterday’s employment data was mixed.

Aussie Rebounds After Falling on Tensions Between China & Australia

The Australian dollar fell intraday but has rebounded by now. The drop was a result of growing political tensions between China and Australia as well as poor macroeconomic data in both Australia and China.

Australian Dollar Remains Strong After Economic Forecast

The Australian dollar remained firm today, being one of the strongest currencies on the Forex market, second only to the New Zealand dollar. The Australian central bank released its economic projections on Friday. While they were pessimistic in the short term, over the longer term the projections were fairly positive.

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