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Australian Dollar Soft Despite Positive Domestic Fundamentals

The Australian dollar was soft today even as domestic fundamentals were supportive to the currency. The likely reason for the currency’s weakness was bad news from China. Currently, the Aussie has trimmed its losses versus most majors.

Poor Chinese Economic Data Overshadows Australian Reports, Dragging Aussie Down

The Australian dollar fell on Thursday and was one of the weakest currencies on the Forex market during the trading session. While domestic macroeconomic data was decent for the most part, poor reports from China and risk aversion on markets dragged the currency down.

AUD Slides as China’s Caixin Manufacturing PMI Misses Expectations

The Australian dollar fell against its major peers today after the disappointing manufacturing report from China, Australia’s biggest trading partner. Macroeconomic data in Australia itself was decent, but that did not help the currency.

Aussie Drops After GDP Misses Expectations

The Australian dollar tumbled against its most-traded counterparts today as nation’s economic growth was disappointing. The general negative market sentiment was also unfavorable to the currency.

Aussie Emerges as Strongest on Forex Market, Ignores Domestic Data

The Australian dollar opened sharply higher on Monday thanks to the news about a ceasefire in the trade war between the United States and China. The news overshadowed Australia’s domestic macroeconomic reports, basically all of which were poor.

Australian Dollar Bounces Despite Shrinking Construction Sector

The Australian dollar behaved in a fashion similar to its New Zealand counterpart, falling intraday but rebounding later. Unlike the New Zealand dollar, though, the Aussie did not have support of positive macroeconomic data.

Australian Dollar Flat amid Mixed Economic Reports

The Australian dollar was virtually flat today amid mixed domestic macroeconomic reports as traders were waiting for employment data from the United States.

Unexpected Drop of Building Approvals Hurts Australian Dollar

The Australian dollar fell today as building approvals fell in August unexpectedly. The positive market sentiment was unable to rescue the currency.

Aussie Little Changed Following Mixed Macroeconomic Data

The Australian dollar was mostly flat against its most-traded rivals today following macroeconomic releases. While domestic data was largely positive, reports released from China, Australia’s biggest trading partner, over the weekend were mixed.

Australian Dollar Broadly Lower During Friday’s Trading

The Australian dollar traded broadly lower today. While domestic macroeconomic data was mixed, analysts speculated that persisting risk aversion on the Forex market was the major reason for the currency’s decline.

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