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Australian Dollar Extends Rise After Business Confidence Improves

The Australian dollar continued to rise today after the business confidence improved. Other commodity currencies were trying to recover as well even though investors remained cautious as the deadly coronavirus continued to spread across China.

Australian Dollar Strongest, Rising for Fourth Session

The Australian dollar was the strongest currency on the Forex market today, rallying for the fourth consecutive day thanks to the improving investors’ sentiment. The currency managed to rally even though domestic macroeconomic data failed to meet expectations for the most part.

Australian Dollar Falls on Risk Aversion, Deteriorating Business Confidence & Conditions

The Australian dollar fell against most major currencies today, with the exception of the Great Britain pound and the New Zealand dollar. The market sentiment remained in the risk-off mode, and domestic macroeconomic data was unfavorable to the currency of Australia as well.

Australian Dollar Surges Despite Wednesday’s Underwhelming Data

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.

Aussie Drops Despite Improving Business Confidence, Conditions

The Australian dollar fell against the vast majority of its most-traded rivals despite the fact that the business conditions and the business confidence improved last month. Now, traders wait for the consumer confidence index that will be released tomorrow and employment data due for release on Thursday.

Aussie Bounces Sharply After Unemployment Drops Unexpectedly

The Australian dollar climbed after the release of Australia’s employment data that showed an unexpected drop of the unemployment rate. The currency erased yesterday’s losses against most-traded rivals and managed to erase losses for the whole week versus the US dollar.

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 Rises, Gains Limited

The Australian dollar rose today, though gains were limited. Macroeconomic data in Australia itself as well as in China, its biggest trading partner, was mixed, giving the currency no edge.

Aussie Tries to Recover as Business Confidence Improves

The Australian dollar gained a little today after the Australian business confidence improved. Gains were limited, though, as the data was not particularly great and risk aversion continued to weigh on riskier currencies. In fact, the Australian currency has lost gains against most of its rivals by now.

Weak Employment Data Doesn’t Prevent Rally of Australian Dollar

Australian employment data came out today much weaker than was expected. Yet that did not prevent the Australian dollar from rising against the majority of its most-traded peers.

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