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Australian Dollar Tanks, Falling for Fourth Session

The Australian dollar tanked today, falling for the fourth consecutive trading session. Domestic macroeconomic data was mixed, but it was overshadowed by global news that was negative to the market sentiment.

Aussie Drops After GDP Misses Expectations

The Australian dollar tumbled against its most-traded counterparts today as nation’s economic growth was disappointing. The general negative market sentiment was also unfavorable to the currency.

Aussie Mixed After RBA, Current Account

The Australian dollar was mixed today after the nation’s central bank kept interest rates unchanged, while the current account deficit narrowed.

Aussie Emerges as Strongest on Forex Market, Ignores Domestic Data

The Australian dollar opened sharply higher on Monday thanks to the news about a ceasefire in the trade war between the United States and China. The news overshadowed Australia’s domestic macroeconomic reports, basically all of which were poor.

Australian Dollar Weaker After China’s Disappointing Data

The Australian dollar fell today. While domestic macroeconomic data was decent, reports in China, Australia’s biggest trading partner, were disappointing.

Australian Dollar Bounces After Two Days of Losses

The Australian dollar rebounded today following two days of losses despite somewhat mixed domestic macroeconomic data. Today’s bounce was not enough to counter yesterday’s decline, though.

Aussie Declines Following Release of RBA Minutes, IMF Forecast

The Australian dollar declined today after the Reserve Bank of Australia released minutes of its latest policy meeting. The release was unlikely the cause of the decline, though, as the central bank retained its neutral stance. The more likely reason for the drop was the risk-off sentiment on markets. By now, the Aussie managed to trim losses.

Australian Dollar Propelled by Solid Employment Data

The Australian dollar rose today, propelled higher by strong employment figures. The falling inflation expectations did not affect the currency at all. While the Aussie has trimmed gains against some of its most-traded rivals by now, the currency remains safely above the opening level.

Aussie Reacts Negatively to China’s Disappointing Retail Sales

The Australian dollar attempted to rally during the Wednesday’s trading session but fell later. Some market analysts attributed the decline to the worse-than-expected retail sales in China. China’s macroeconomic data often has strong impact on the Australian currency because China is Australia’s biggest trading partner. Economic reports released in Australia itself over the current session were good.

Aussie Falls Despite Improved RBA Economic Outlook, China’s PPI Weighs

The Australian dollar was soft today, falling against the euro and the Japanese yen for the first time after six sessions of gains in a row. Market analysts pointed at China’s slowing producer inflation as the most likely culprit in the currency’s decline.

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