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Australian Dollar Weak Despite Decent Data

The Australian dollar declined against other most-traded currencies today even though domestic macroeconomic data was decent and should have supported the Aussie. The probable reason for the currency’s decline was a disappointment in the speech of US President Donald Trump, who did not reveal any news about progress in the US-China trade negotiations.

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.

Australian Dollar Rallies on Signs of Improving US-China Relations

The Australian dollar rallied today, rising for the eighth session versus the Japanese yen, after signs that the US-China relations are improving. That spurred hopes that the trade conflict between the two world’s biggest economies can end in the foreseeable future. And optimism increased demand for riskier high-beta assets.

Euro Falls on Weak German Retail Sales, Later Crashes to 2-Year Lows

The euro today fell against the US dollar as the weak releases from across the euro area from previous days weighed on the single currency from the start of today’s session. The EUR/USD currency pair extended its losses following the release of weak German retail sales data amid positive US releases.

Positive Domestic Data Unable to Help Australian Dollar

The Australian dollar fell today, joining its New Zealand peer in decline. While domestic macroeconomic data was good, it was not enough to outweigh the impact of disappointing economic indicators released in China, Australia’s biggest trading partner.

US Dollar Rallies As Market Dismisses IMF’s ‘Overvalued’ Concerns

The US dollar is finishing the trading week higher against a handful of currencies as the market appears to be moving on from recent comments pertaining to the greenback’s valuation. With a Federal Reserve bank president discussing the need for action ahead of a crisis and some data to throw in the mix, it has been a fun ride for the dollar this week.

Aussie Firm Despite Domestic & China’s Data

The Australian dollar was firm today despite poor macroeconomic data, both domestic and in China, Australia’s biggest trading partner. The possible reason for the rally was profit-taking after yesterday’s huge slump. The currency fell against some rivals intraday but has erased losses against all of them by now.

Euro Rallies on Upbeat German and Eurozone Data, Later Falls

The euro today rallied higher against the US dollar following the release of upbeat German and eurozone macro data in the early European session. The EUR/USD currency pair later fell from its highs as investor sentiment shifted, but rallied briefly on the weak US macro releases before falling again.

Euro Falls Against US Dollar After US Retail Sales Top Expectations

The euro today fell to new weekly lows against the US dollar following the release of upbeat US retail sales data in the American session. The EUR/USD currency pair traded with a bearish bias for most of today’s session amid a risk-averse market mood given the US-China trade war.

Australian Dollar Remains Soft After Domestic, China’s Data

The Australian dollar continued to demonstrate weakness as risk appetite was slowly coming off markets. Domestic macroeconomic data was weighing on the currency further as the consumer sentiment deteriorated sharply. And while China’s consumer inflation was accelerating, painting a positive picture of the economic health of Australia’s biggest trading partner, that led to concerns that Beijing may withdraw stimulus if prices continue to rise at a fast pace.

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