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Japanese Yen Weakens Despite Better Q1 GDP Amid Higher Business Spending

The Japanese yen is weakening against several major currencies on Tuesday, despite upbeat economic data and positive news that should strengthen the safe-haven currency. So far this year, the yen has made commendable gains against a basket of rivals, attracting investors fleeing from geopolitical tensions and trade strife.

Aussie Rallies Despite Poor Domestic Data, Unable to Keep Gains

The Australian dollar rallied today despite extremely poor domestic macroeconomic data. The possible reason for that was the fact that the market sentiment stabilized as traders priced in the trade war between the United States and China. Yet the currency was unable to hold onto gains and is currently trading below the opening level.

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.

Japanese Yen Gains on Majors Despite Positive Market Sentiment

While the Japanese yen was soft against commodity currencies today, it managed to gain on many other most-traded peers. That was surprising considering the risk-on market sentiment, which made safe currencies less attractive to traders.

Australian Dollar Mixed After Macroeconomic Data

The Australian dollar was mixed today, rising against some rivals and falling versus others. Macroeconomic data was mixed as well, giving the currency no clear direction.

Australian Dollar Extends Decline After Thursday’s Mixed Data

The Australian dollar extended decline today for the third consecutive session versus its US counterpart and for the fourth session against the euro and the Japanese yen. Economic data released in Australia on Thursday was mixed, while China’s manufacturing report was neutral.

Japanese Yen Gets Support from Good Domestic Reports

The Japanese yen rose a bit against its major peers today thanks to the supportive macroeconomic reports released in Japan during the current trading session.

Australian Dollar Mixed Despite Supportive Macroeconomic Data

The Australian dollar was mixed during Thursday’s trading despite supportive macroeconomic data, both domestic and released in the nation’s biggest trading partner, China.

Aussie Down as Chinese Economic Data Overshadows Australian

The Australian dollar fell today against its major peers as poor China’s macroeconomic data overshadowed decent reports released in Australia. China is the biggest trading partner of Australia, therefore its economic performance has a big impact on the Australian currency.

Aussie Bounces After Intraday Drop

The Australian dollar dipped intraday, but the losses were short-lived, and the currency has climbed above the opening level by now. Other commodity currencies, like the Canadian and New Zealand dollar, demonstrated the similar performance during the Thursday’s trading session.

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