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Australian Dollar Gains on Hopes for US-China Trade Deal

The Australian dollar rose against other most-traded currencies today. With domestic macroeconomic data being a mixed bag, it is likely that the currency found outside support for its rally. Market analysts speculated that the Aussie gained on optimism about the US-China trade talks, though it is important to note that today’s headlines provided conflicting reports about the progress in the negotiations.

Australian Dollar Continues to Recover Despite Retail Sales Miss

The Australian dollar extended its bounce today, gaining against most major currencies with the exception of the Swiss franc. While the rebound was not enough to erase this week’s losses, it gives the Aussie a chance to avoid ending the week as the weakest currency. As for Australia’s macroeconomic data, it was mixed today, with the housing market recovering but retail sales missing expectations.

Australian Dollar Rises Despite Unimpressive Macroeconomic Data

The Australian dollar was trading in the green during Thursday’s trading session. The trade data released in Australia today was unimpressive but that did not prevent the currency from rebounding after Tuesday’s big slump.

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.

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.

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.

Aussie Rallies on Trade Surplus, News About US-China Trade Talks

The Australian dollar rallied today against its major rivals. While decent macroeconomic data provided some help to the currency, the main contributor to the rally were the latest developments in the US-China trade conflict.

Australian Dollar Rises After GDP & Services PMI Reports

The Australia dollar gained today after Australia’s economic growth matched expectations and the services sector returned to expansion.

Australian Dollar Firm After RBA Holds Rates

The Australian dollar was firm today after the Reserve Bank of Australia kept interest rates unchanged and showed no signs of turning more dovish than it already was. Australia’s economic data was mixed, not giving the Aussie a reason to go in any specific direction.

Australian Dollar Strong Despite Big Drop of Building Approvals

The Australian dollar was strong today despite underwhelming domestic macroeconomic data.

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