National Australia Bank — News Archive

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.

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.

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.

The Australian dollar declined today amid the worsening business confidence in Australia and the general negative market sentiment.

The Australian dollar remained soft today, extending yesterday’s decline against many rivals. The Australian currency, together with its New Zealand counterpart, was moving in opposition to the general market sentiment, which was positive and supportive to riskier currencies. Mixed domestic macroeconomic data was not helping the Aussie.

The Australian dollar was under pressure today from the wage inflation miss. News from China did not do the currency any favors either.

The Australian dollar opened sharply higher today compared to the Friday’s close and continued to move up versus most major currencies afterwards. While domestic macroeconomic data was not particularly good, the currency paid more attention to extremely positive reports in China, Australia’s biggest trading partner.

Macroeconomic reports released during the Tuesday’s trading session did not paint a positive picture of Australia’s economy. Yet that did not prevent the Aussie from standing ground, avoiding losses, most likely due to mild risk appetite on the Forex market.

The Australian dollar rallied today against most-traded peers thanks to the inflation print that came out slightly above expectations.

The Australian gained against most of its major rivals today, with the exception of the euro. News from Australia itself was not particularly supportive, but the currency profited from the positive market sentiment caused by the news from Great Britain.