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Australian Dollar Gets Boost from Very Good Employment Report

The Australian dollar rallied today, though the currency has trimmed its gains by now. The Aussie got a boost from the employment report that came out much better than was expected.

Positive Domestic Data Unable to Help Australian Dollar

The Australian dollar fell today, joining its New Zealand peer in decline. While domestic macroeconomic data was good, it was not enough to outweigh the impact of disappointing economic indicators released in China, Australia’s biggest trading partner.

Aussie Resumes Decline After Firming on RBA Policy Announcement

The Australian dollar resumed its decline today after halting the drop yesterday. The currency firmed during the previous trading session after the monetary policy announcement of the Australian central bank. But the Aussie continued to move lower during the current session amid risk aversion prevailing on the market.

Risk Aversion Prevents Aussie from Gaining on Positive Data

The Australian dollar dropped against other most-traded currencies today despite better-than-expected domestic data. Risk aversion, which prevailed on the Forex market after the announcement of new US tariffs on Chinese goods, did not allow the Aussie to profit from positive macroeconomic reports.

Weak Employment Data Doesn’t Prevent Rally of Australian Dollar

Australian employment data came out today much weaker than was expected. Yet that did not prevent the Australian dollar from rising against the majority of its most-traded peers.

Aussie Gains, Propelled by Positive Domestic Data

The Australian dollar was broadly strong today, rising against all of its most-traded rivals. Australia’s macroeconomic data released over the trading session was good for the large part, and that could explain the good performance of the Australian currency.

Aussie Declines for Fifth Session on RBA Interest Rate Cut Prospects, Economic Data

The Australian dollar fell today, declining for the fifth consecutive trading session versus such majors as the US dollar and the Japanese yen. While the Aussie also fell against the euro initially, the shared currency of the eurozone has lost its gains by now. The reasons for the decline of Australia’s currency were the prospects for additional interest rate cuts from the Reserve Bank of Australia and unfavorable Australian macroeconomic data released during the Tuesday’s session.

Australian Dollar Weak After Release of Employment Data

The Australian dollar was weak today, falling for the seventh consecutive trading session against the euro, following the release of employment data in Australia. While the report was not entirely bad, the market preferred to focus on the bad part.

Aussie Mixed After Poor Domestic Macroeconomic Data

The Australian dollar was mixed today, falling against some currencies, staying flat against others, but also managing to gain on the Swiss franc. Domestic macroeconomic reports released over the trading session were detrimental to the currency.

Aussie Rallies Despite Poor Domestic Data, Unable to Keep Gains

The Australian dollar rallied today despite extremely poor domestic macroeconomic data. The possible reason for that was the fact that the market sentiment stabilized as traders priced in the trade war between the United States and China. Yet the currency was unable to hold onto gains and is currently trading below the opening level.

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