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NZD & AUD Firm Despite China’s GDP Miss

The New Zealand dollar, as well as its Australian counterpart, was strong today. The currencies rose against their most-traded rivals even as economic growth in China, the biggest trading partner of both New Zealand and Australia, was slower than expected. The miss was small, though, and other Chinese macroeconomic indicators were within expectations.

Australia’s Data Doesn’t Look Amazing, Aussie Defies Fundamentals

The Australian dollar was among the strongest currencies today. That puzzled market analysts as Australia’s macroeconomic reports were not particularly favorable and the market sentiment was negative to riskier commodity-related currencies due to geopolitical tensions and prospects for additional monetary tightening from the Federal Reserve.

Australian Dollar Flat After RBA Minutes, China’s Inflation Data

The Australian dollar was basically flat against most of its major peers following the release of policy minutes by the Reserve Bank of Australia and inflation data in China, Australia’s biggest trading partner.

Australian Dollar Shows Resilience in Face of Adverse Fundamentals

The Australian dollar managed to hold its ground, trading near the opening level against its major peers, despite fundamentals that were rather unfavorable to the currency today.

Aussie Unable to Hold onto Gains Caused by Improving Consumer Sentiment

Positive macroeconomic data helped the Australian dollar to rise overnight but the currency has trimmed its gains by now, losing them outright against some of its major peers, including the US dollar and the euro.

Australian Dollar Bounces Despite Risk Aversion

The Australian dollar was down intraday but bounced later, rising above the opening level against some of its rivals.

Australian Dollar Mixed, Fundamentals Don’t Help to Find Direction

The Australian dollar was mixed today, trading basically flat against its US counterpart, rising against the euro, but falling versus the Japanese yen. Fundamentals, which were mixed themselves, did not help the currency to find a direction.

Australian Dollar Flat amid Mixed Economic Reports

The Australian dollar was virtually flat today amid mixed domestic macroeconomic reports as traders were waiting for employment data from the United States.

Risk Aversion Drives AUD to New Lows Despite Unexpectedly Widening Trade Surplus

The Australian dollar fell today, reaching a new low for the year against the US dollar, amid risk aversion on the Forex market. The unexpected increase of the trade surplus failed to support the currency.

Unexpected Drop of Building Approvals Hurts Australian Dollar

The Australian dollar fell today as building approvals fell in August unexpectedly. The positive market sentiment was unable to rescue the currency.

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