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Australian Dollar Soft on Market Sentiment, Weak Economic Data

The Australian dollar was soft today. While it managed to gain on the US and Canadian dollars, the Aussie fell against other most-traded currencies. It declined even against its New Zealand counterpart, which is also considered riskier commodity currency. The market sentiment remained in a risk-off mode, weighing on Australian currency, and Australia’s macroeconomic releases were not helping either.

Australian Dollar Rises for Third Day After GDP Beats Expectations

The Australian dollar continued to rise, logging a third consecutive daily gain. This time, it is easier to explain the currency’s rally as it followed the better-than-expected GDP print released during the trading session. Economic data from China, Australia’s biggest trading partner, was atrocious, but it had a little impact on the movement of the Aussie.

Australian Dollar Rebounds as Market Sentiment Calms Down

The Australian dollar fell intraday amid risk aversion caused by Iran’s missile attack on US military bases. But by now, the Aussie has managed to recover as investors continued to hope that the conflict will not result in a full-blown war. Currently, the Australian currency is trading about flat against most of its peers, though managed to gain on the euro and the Japanese yen. Domestic macroeconomic data was mixed, but building permits, […]

Macroeconomic Data Makes Aussie Fall for Third Straight Session

The Australian dollar declined against all of its most-traded peers today despite the stabilizing market sentiment that was helping riskier currencies linked to commodities. The Aussie fell for third consecutive trading session versus most of its rivals, while against some it posted even a longer stretch of declines. Macroeconomic data was negative to the currency.

Australian Dollar Rallies, Ignoring Negative Domestic Data

The Australian dollar was trading mostly higher against its major rivals today. With no clarity as to whether the United States and China will be able to reach a trade deal before the December 15 deadline, it is hard to say what drove the Aussie higher. Domestic macroeconomic data was certainly not the reason for the good performance as the latest reports were rather bad.

Australian Dollar Weak After GDP Miss

The Australian dollar was weak today due to uncertainty surrounding the US-China trade deal as well as the slower-than-expected economic growth in Australia. Losses were limited, though, thanks to the positive report from China, Australia’s biggest trading partner.

AUD Starts Week Soft on Construction Data, Trade Talks Worries

The Australian dollar declined against most other major currencies today. Both domestic macroeconomic data and the general risk-off market sentiment were dragging the currency down. The risk sentiment suffered due to renewed concerns about the Sino-US trade talks.

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.

Australian Dollar Sinks After RBA Cuts Interest Rates

The Australian dollar sank after a dovish interest rate cut by the Reserve Bank of Australia. The news overshadowed a positive report about Australia’s manufacturing sector.

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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