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Canadian Dollar Finds Support in Higher Energy Prices, Buyer Interest

The Canadian dollar is advancing against its American counterpart on Tuesday, finding support in rallying energy prices, strong recent economic data, and renewed interest in the loonie. Can the Canadian dollar continue its momentum throughout the trading week or will it lean on the US dollar for direction in the final days of July?

Australian Dollar Trades Weakest on Monday

The Australian dollar was the weakest currency on the Forex market during the current trading session, falling against all other most-traded rivals. The most likely reason for that was the persisting fears of trade wars between the United States and their trading partners. Macroeconomic releases on the weekend and Monday were mixed, giving the currency no reason to go in one direction or the other.

Australian Dollar Lower amid Mixed Data, Trade Wars

The Australian dollar fell today amid mixed macroeconomic data released over the trading session in Australia and its major trading partner, China. Risk aversion caused by trade wars between the United States and their allies also hurt the currency.

Australian Dollar Reverses Gains After RBA Stands Pat

The Australian dollar attempted to rally intraday but halted its advance after the Reserve Bank of Australia announced its monetary policy decision.

Aussie Gains After RBA & Economic Releases

The Australian dollar gained on its most-traded peers today even as the nation’s central bank remained passive and macroeconomic reports released over the trading session were rather unimpressive for the most part.

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.

Australian Dollar Recovers After Opening Lower

The Australian dollar rose against some of its major rivals today but that is after opening below the Friday’s close. Macroeconomic data released in Australia over the course of the trading session was generally supportive to the currency.

Positive Economic Data Doesn’t Prevent Slump of Australian Dollar

The Australian dollar slumped against virtually all of its major rivals today even though domestic macroeconomic data was supportive for Australia’s currency for the most part.

Aussie Pauses Rally, Bulls Unafraid

The Australian dollar fell today, but market analysts argued that it looks more like profit-taking after the strong rally than a trend-change. In fact, the Aussie continued to rise against its US counterpart, logging the sixth consecutive daily gain.

Australian Dollar Gains, Getting Boost from China Manufacturing PMI

The Australian dollar rose against its major rivals today. Perhaps, decent economic data from Australia’s biggest trading partner, China, helped the currency as domestic reports were far from good.

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