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Aussie Moderates After Earlier Spike

Australian dollar is modifying its trajectory right now, pulling back a little bit after a spike earlier today. Aussie is still mostly higher against its major counterparts, but the gains are a little more subdued.

Australian Dollar Rises as Chinese Data Fails to Lead Markets

China released a few macroeconomic indicators over the weekend, and all of them were bad. Yet this had little impact on the Forex market and did not prevent the Australian dollar from rallying.

Australian Dollar Weaker amid Interest Rate Cut Speculations

The Australian dollar was soft today amid speculations that the Reserve Bank of Australia is going to perform additional interest rate cuts in the near future.

Australian Dollar Rises on China’s Data

The Australian rose today with the help of relatively decent economic reports from China.

Australian Dollar Sinks Over 1% After RBA Makes Surprise Cut

The Australian dollar sank today, falling more than 1% against its major peers, after the Reserve Bank of Australia shocked the market, slashing its benchmark cash rate. Poor economic data from China weakened the currency further.

Australian Dollar Backs Off After Failed Rally

The Australian dollar attempted to rally with the help of Chinese economic data released today. The currency failed to maintain its rally and currently trades near the opening level against some currencies (like the US dollar) and below the opening against others (like the Japanese yen).

AUD Retreats vs. USD, Keeps Gains vs. EUR

The Australian dollar gained today due to the positive trade balance report from China. As of now, the currency has lost its gains versus the US dollar but continued to rally against the euro.

Australian Dollar Starts Week with Gains

The Australian dollar rose today even though domestic macroeconomic data was somewhat disappointing. As for important economic reports outside of Australia, China’s data was mildly supportive to the currency.

Australian Dollar Benefits from China’s Data

The Australian dollar traded above the opening level today after the release of positive macroeconomic data from China. As of now, the currency has trimmed its gains but remains above the opening.

China Sets Higher Midpoint for Yuan Against Dollar

China has set a higher midpoint for the yuan in its peg to the US dollar today. Greenback has strengthened slightly against the yuan since the change, but this still marks an effort for a stronger yuan as the greenback heads a little lower.

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