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Aussie Trades Lower After RBA Keeps Monetary Policy Without Changes

The Australian dollar was trading broadly soft today after the nation’s central bank left its monetary policy unchanged. The market sentiment that was negative to riskier currencies also played its part in the Aussie’s decline.

Aussie Starts Week Soft due to Macroeconomic Data

The Australian dollar has started this trading week with losses due to poor macroeconomic data, both domestic and overseas.

AUD/JPY at Lowest Since January

The Australian dollar dropped during the current trading session, reaching the lowest level in more than two months against the Japanese yen. Both domestic and overseas fundamentals contributed to the drop of the currency.

Australian Dollar Welcomes RBA Decision to Stay Pat

The Reserve Bank of Australia maintained its cash rate unchanged during the monetary policy meeting on Tuesday. The Australian dollar reacted positively to the news. Currently, the Aussie trades off the day’s highs but still above the opening level.

Australian Dollar Ignores China’s Growth Target Revision

The Australian dollar gained today even though news from China, Australia’s biggest trading partner, was not supportive. Perhaps, the currency gained support from positive domestic fundamentals.

Economic Data from Australia & China Helps Aussie

The Australian dollar rallied against other currencies during the current trading session with the help of good macroeconomic reports from Australia and its biggest trading partner, China. The exception was the US dollar, against which the Aussie rallied initially but retreated to trade close to the opening level later.

AUD/USD Trades in a Range Ahead of Australia’s GDP Announcement

The AUD/USD currency pair was trading within a range for the better part of today’s session even as markets await the release of GDP data for the last quarter of 2016 early tomorrow morning. The Aussie failed to capitalize on a weaker US dollar even as markets await Donald Trump‘s speech before congress scheduled for later today.

Positive Economic Data Doesn’t Prevent Fall of Australia Dollar

Monday’s economic data from Australia was very good with a huge jump of corporate profits, but that did not prevent the Australian dollar from falling against its major rivals.

Aussie Reaches Multi-Year Highs, Ignoring Economic Data

Macroeconomic data released from Australia today was mixed, but that did not prevent the Australian dollar from rising and even reaching multi-year highs against such currencies like the euro and the Swiss franc.

Aussie Falls vs. Greenback, Posts Gains vs. Other Rivals After RBA Minutes

The Australian dollar fell against its US counterpart but logged moderate gains against other most-traded rivals after the Reserve Bank of Australia released relatively upbeat minutes of the February policy meeting.

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