The Australian dollar tumbled today. While macroeconomic data, both domestic and from China, was not particularly bad, risk aversion on the Forex market hurt the Australian currency.
Commodity Price Index — News Archive
Poor Economic Data Doesn’t Prevent Kiwi from Rallying
July 3, 2019 at 13:32 New Zealand Dollar
The New Zealand dollar was strong today even as, unlike its Australian peer, it had no support from macroeconomic data. Reports released over the trading session both in New Zealand and its biggest trading partner, China, were rather poor.
Aussie Weak Despite Market Sentiment, Economic Data to Blame
July 1, 2019 at 13:29 Australian Dollar
The Australian dollar declined against most major currencies today despite the positive market sentiment, which should have been supportive to the currency. The possible reason for the decline was domestic macroeconomic data, which was somewhat mixed, with some bad releases.
NZ Dollar Gets Lifted by Positive News from China
April 3, 2019 at 10:07 New Zealand Dollar
The New Zealand dollar rallied today, lifted by positive news from China. China’s service sector expanded more than was expected, while rumors circulated that the United States and China are close to a trade deal.
NZ Dollar Soft After China Slashes Growth Target
March 5, 2019 at 14:15 New Zealand Dollar
The New Zealand dollar slumped against its most-traded rivals today. The likely reason for the significant drop was news from China as domestic fundamentals looked good, giving the currency no reason to decline.