The Australian dollar together with its New Zealand counterpart were the strongest currencies on the Forex markets today thanks to the positive market sentiment. The Aussie got an additional boost from good domestic macroeconomic data as retail sales rose much more than was expected.
The Australian dollar gained on other commodity currencies but was mixed against other most-traded peers today. The market sentiment was calm and domestic macroeconomic data was helpful to the Aussie. But economic reports in China, Australia’s biggest trading partner, were not particularly impressive, weighing on the Aussie a bit.
The Australian dollar fell intraday amid risk aversion caused by Iran’s missile attack on US military bases. But by now, the Aussie has managed to recover as investors continued to hope that the conflict will not result in a full-blown war. Currently, the Australian currency is trading about flat against most of its peers, though managed to gain on the euro and the Japanese yen. Domestic macroeconomic data was mixed, but building permits, […]
The Australian dollar declined against all of its most-traded peers today despite the stabilizing market sentiment that was helping riskier currencies linked to commodities. The Aussie fell for third consecutive trading session versus most of its rivals, while against some it posted even a longer stretch of declines. Macroeconomic data was negative to the currency.
The Australian dollar continued to rise today following yesterday’s rally. The rally was a result of a very positive employment report that showed a bigger-than-expected employment growth and an unexpected drop of the unemployment rate.
The Australian dollar logged gains against the majority of other most-traded currencies today. Market analysts explained gains of riskier commodity currencies by the rise of European stocks due to the preliminary trade agreement between the United States and China. Experts were skeptical, though, about the longevity of the gains as the US-China trade conflict is not over yet, and there are other reasons to worry, like the threat of hard Brexit and impeachment of US President Donald […]
The Australian dollar fell against all other of its most-traded rivals, including commodity currencies, after the minutes from the Reserve Bank of Australia made market participants believe that the central bank will cut interest rates in the near future.
The Australian dollar surged against other most-traded currencies today. With Wednesday’s domestic macroeconomic data being negative, it is hard to tell what the reason for the sharp rally was. One of the possible factors boosting the Aussie were hopes for a delay of US tariffs on Chinese goods that should kick in on December 15.
The Australian dollar was trading mostly higher against its major rivals today. With no clarity as to whether the United States and China will be able to reach a trade deal before the December 15 deadline, it is hard to say what drove the Aussie higher. Domestic macroeconomic data was certainly not the reason for the good performance as the latest reports were rather bad.
The Australian dollar was weak today due to uncertainty surrounding the US-China trade deal as well as the slower-than-expected economic growth in Australia. Losses were limited, though, thanks to the positive report from China, Australia’s biggest trading partner.
