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Australian Dollar Shows Resilience Facing Adverse Fundamentals

The Australian dollar was surprisingly strong today despite adverse fundamentals, which were including poor macroeconomic data, the negative market sentiment, and the dovish monetary policy outlook.

Bulls Still Won’t Give Up on GBP/AUD

The ascending trend on the Great Britain pound versus the Australian dollar currency pair ended, but the bulls still guard their gains.

Aussie Tanks, Driven Down by Prospects for Interest Rate Cut

The Australian dollar sank today after the central bank signaled that it may cut interest rates at its next monetary policy meeting. While market participants were already expecting a rate cut in the near future, the confirmation of the dovish outlook still hurt the currency.

Australian Dollar Fails to Keep Rally Caused by Election Surprise

The Australian dollar opened sharply higher on Monday after the unexpected outcome of the election held over the weekend. But analysts were unconvinced by the rally, and indeed the Aussie has trimmed its gains by now, losing them outright against many rivals.

AUD/CAD at the Major Support of 0.9222

The Australian dollar versus the Canadian dollar currency pair declined sharply and the first signs of slowing down occurred only around the 0.9222 support level.

AUD/NZD Looks Bearish

The Australian dollar vs. New Zealand dollar looks to be poised for a bearish move, even if the descending trend told a different story.

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.

Aussie Fails to Hold Unto Gains, RBA Downgrades Growth Forecast

The Australian dollar attempted to rally today on the back of cautious optimism about the US-China trade talks but has almost lost its gains by now. The Reserve Bank of Australia released the Statement on the Monetary Policy, in which it downgraded growth forecast for this year.

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