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Aussie Drops Despite Improving Business Confidence, Conditions

The Australian dollar fell against the vast majority of its most-traded rivals despite the fact that the business conditions and the business confidence improved last month. Now, traders wait for the consumer confidence index that will be released tomorrow and employment data due for release on Thursday.

Chinese Yuan Rebounds After Disappointing Data, Positive 2020 Outlook

The Chinese yuan is rebounding against multiple currency pairs on Tuesday, following an onslaught of disappointing economic data. The biggest driver of the yuan’s gains is President Donald Trump’s upcoming speech at the Economic Club of New York that is expected to announce delays to tariffs on automobiles, as well as hints on the current state of US-China trade negotiations.

Aussie Bounces Sharply After Unemployment Drops Unexpectedly

The Australian dollar climbed after the release of Australia’s employment data that showed an unexpected drop of the unemployment rate. The currency erased yesterday’s losses against most-traded rivals and managed to erase losses for the whole week versus the US dollar.

Australian Dollar Rises Despite Drop of Consumer Confidence to 4-Year Low, Escalating US-China Trade War

The Australian dollar rose today against other most-traded currencies. That is a surprising result considering that fundamentals looked very unfavorable to the currency. The sentiment of Australian consumers fell to the lowest level in four years. Washington announced fresh sanctions against Chinese companies just a day before trade negotiations between the United States and China resume.

NZ Dollar Drops, Touching 4-Year Low vs. US Dollar

The New Zealand dollar dropped today, touching the lowest level in four years versus its US counterpart. The currency was dragged down by poor domestic macroeconomic data and the general risk-off sentiment on the Forex market. A positive report about China’s manufacturing sector limited the downside momentum, though.

Australian Dollar Rises, Gains Limited

The Australian dollar rose today, though gains were limited. Macroeconomic data in Australia itself as well as in China, its biggest trading partner, was mixed, giving the currency no edge.

NZ Dollar Moves Back and Forth amid Conflicting Fundamentals

The New Zealand dollar was volatile today amid clashing fundamentals. The currency started the session weak due to soft domestic macroeconomic data but rebounded after the market sentiment improved. Currently, though, the kiwi pulled back once again but retained gains versus safer currencies.

Aussie Tries to Recover as Business Confidence Improves

The Australian dollar gained a little today after the Australian business confidence improved. Gains were limited, though, as the data was not particularly great and risk aversion continued to weigh on riskier currencies. In fact, the Australian currency has lost gains against most of its rivals by now.

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.

Swiss Franc Flat As Trade Surplus Balloons in June

The Swiss franc is trading relatively flat against some of its currency rivals on Thursday as some recent economic data are pushing up the safe-haven asset. While not consider the global beacon of exports, Switzerland has enjoyed a significant jump last month, helping it experience the biggest trade surplus in more than two years. With Zurich engaged in terse discussions with the European Union (EU), this could […]

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