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Aussie Tumbles as Markets Digest Fed’s Rate Cut, Australia’s Employment Report Doesn’t Help

The Australian dollar tumbled today, being one of the worst-performing currencies during Thursday’s trading session. The Aussie dropped along with other commodity currencies as markets were digesting yesterday’s hawkish interest rate cut by the Federal Reserve, though the seemingly good domestic employment report had parts that also could have a negative impact on the currency.

Aussie Falls Following Leading Index

The Australian dollar performed similarly to its New Zealand counterpart today, falling due to the mix of negative market sentiment and unfavorable domestic macroeconomic data.

AUDUSD Might Have Found Support at 0.6858

As the Australian dollar versus the US dollar currency pair printed a pin-bar at the important 0.6858 major support level, it can be said that the bulls are turning their engines on for 0.7000.

Australian Dollar Trades Lower After RBA Minutes

The Australian dollar declined today against other most-traded currencies. While the general market sentiment was unfavorable to riskier commodity currencies, analysts argued that the main reason for the Aussie’s decline was the release of the central bank’s monetary policy minutes. Domestic macroeconomic data was poor but better than pessimistic forecasts.

AUD/CAD: Going Up to 0.9200 Area!

The Australian dollar versus the Canadian dollar currency pair seems to have ended the descending period and is now looking for extensions on the upside.

Australian Dollar Rallies on Signs of Improving US-China Relations

The Australian dollar rallied today, rising for the eighth session versus the Japanese yen, after signs that the US-China relations are improving. That spurred hopes that the trade conflict between the two world’s biggest economies can end in the foreseeable future. And optimism increased demand for riskier high-beta assets.

Australian Dollar Rises, Gains Limited

The Australian dollar rose today, though gains were limited. Macroeconomic data in Australia itself as well as in China, its biggest trading partner, was mixed, giving the currency no edge.

Rising Number of Home Loans Contributes to Rally of Aussie

The Australian dollar rallied against other most-traded currencies today. Positive domestic macroeconomic data likely contributed to the rally.

AUD/USD Correcting from the Lows of 0.6700

The Australian dollar versus the US dollar currency pair rallied from the 0.6700 area and is now testing the old major support at 0.6858.

PBoC Cuts RRR, Aussie Rallies

The Australian dollar rallied against major currencies today. While domestic economic data was more or less decent, the driving factor for the Aussie were efforts of Chinese policymakers to stimulate the nation’s slowing economy.

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