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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.

Australian Dollar Gets Boost from Very Good Employment Report

The Australian dollar rallied today, though the currency has trimmed its gains by now. The Aussie got a boost from the employment report that came out much better than was expected.

Aussie Weak Despite Market Sentiment, Economic Data to Blame

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.

Australian Dollar Weak After Release of Employment Data

The Australian dollar was weak today, falling for the seventh consecutive trading session against the euro, following the release of employment data in Australia. While the report was not entirely bad, the market preferred to focus on the bad part.

Aussie Drops Despite Positive Inflation Data in China

The Australian dollar was soft today despite positive macroeconomic data in China, Australia’s biggest trading partner. Domestic data was not particularly good, but was not that bad either, certainly not enough to hurt the currency significantly. Today’s drop was not nearly enough to erase yesterday’s big rally, though, and the Aussie remains one of the strongest currencies for the week.

Australian Dollar Retreats After Rising on China’s Trade Data

The Australian dollar was trading strong at the beginning of the Thursday’s trading session, though it has retreated by now. The rally was a result of positive macroeconomic data in China — Australia’s biggest trading partner.

Australian Dollar Soft on Poor Housing Data, Other Reports

The Australian dollar traded flat-to-lower today after the release of underwhelming macroeconomic reports in Australia. Economic data in China, Australia’s biggest trading partner, was neutral, having a limited impact on the currency.

Australian Dollar Strongest During Thursday’s Trading

The Australian dollar was the strongest currency today. It was fighting with the Great Britain pound for the first place, and currently the Aussie is on top.

Australian Dollar Propelled by Solid Employment Data

The Australian dollar rose today, propelled higher by strong employment figures. The falling inflation expectations did not affect the currency at all. While the Aussie has trimmed gains against some of its most-traded rivals by now, the currency remains safely above the opening level.

Aussie Little Changed Following Mixed Macroeconomic Data

The Australian dollar was mostly flat against its most-traded rivals today following macroeconomic releases. While domestic data was largely positive, reports released from China, Australia’s biggest trading partner, over the weekend were mixed.

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