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Australian Dollar Strong Despite Negative Fundamentals

The Australian dollar was strong today, rising against almost all of its major rivals with the exception of the euro, shrugging of negative fundamentals.

Aussie Mixed After Dovish RBA Minutes, Macroeconomic Data

The Australian dollar was mixed today after the release of monetary policy meeting minutes from the Reserve Bank of Australia and macroeconomic data. The currency rose against few of its major rivals, including the US dollar, but fell against others, like the Japanese yen and the New Zealand dollar.

Australian Dollar Bounces After Two Days of Losses

The Australian dollar rebounded today following two days of losses despite somewhat mixed domestic macroeconomic data. Today’s bounce was not enough to counter yesterday’s decline, though.

Positive Market Sentiment Allows Aussie to Ignore Economic Data

The Australian dollar rallied today despite lackluster macroeconomic data. The currency got support from the positive market sentiment that ignored the latest developments in the US-China trade war.

Japanese Yen Soft After Mixed Data Despite Risk Aversion

The Japanese yen was soft today despite mild risk aversion among Forex traders. Domestic macroeconomic data was mixed, providing no aid to the currency.

Positive Macroeconomic Data Doesn’t Help Aussie to Rally

Macroeconomic data released in Australia over the trading session was good. But unlike its New Zealand counterpart, the Australian dollar was unable to rally against any of its rivals, though managed to pare losses against some of them.

Pound Attempts to Rally on Positive Retail Sales, Remains Vulnerable

The Great Britain pound attempted to rally against some of its rivals today but was still hanging near the 14-month lows. While UK retail sales beat expectations and the general market sentiment improved, Brexit fears were still weighing on the currency.

Australian Dollar Attempts to Rally, Loses Gains Later

The Australian dollar attempted to rally today as markets were digesting the news about escalation of the trade war between the United States and China. By now, though, the currency has lost most of its gains and is trading near the opening level.

Sterling Trims Gains As May Denies Plans to Stay in Customs Union

The Great Britain pound rallied today amid reports that the United Kingdom seeks to remain in the customs union after it leaves the European Union. The currency retreated a bit after Britain’s Prime Minister Theresa May denied such plans, though the sterling remained firmly above the opening level.

Japanese Yen Weak Across the Board

The Japanese yen was weak across the board today. Analysts provided various possible reasons for the currency’s extremely poor performance.

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