Australian Industry Group — News Archive

    Archives

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.

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.

Aussie Unable to Hold onto Gains Despite Positive Manufacturing Data in China & Australia

The Australian dollar was following moves of the Chinese yuan today, rallying intraday on China’s good manufacturing report, but losing gains later. Australia’s own manufacturing data was pretty good as well.

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.

AUD/USD Declines for Twelfth Session on Range of Factors

The Australian dollar declined today, falling for the twelfth consecutive session against its US counterpart. There were plenty of reasons for the decline: unfavorable domestic macroeconomic data, poor economic reports in China, escalation of US-China trade tensions.

Australian Dollar Suffers from Risk Aversion

The Australian dollar tumbled today. While macroeconomic data, both domestic and from China, was not particularly bad, risk aversion on the Forex market hurt the Australian currency.

Aussie Soft During Friday’s Trading

The Australian dollar was soft against most of its major rivals today. The construction index, released over the trading session, logged an increase, but that hardly helped Australia’s currency.

Navigation

Menu