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Canadian Dollar Mixed on Higher Auto Sales, Crashing Energy Prices

The Canadian dollar is mixed against a basket of currencies on Tuesday as investors sift through new motor vehicle sales data and foreign securities purchases for May. The loonie was sent lower on crashing energy prices, which is bad news for a resource-rich market. Traders will now wait for June inflation numbers that are expected to be lower than in May.

Chinese Yuan Rallies Despite Bad Inflation, Auto Sales Data

The Chinese yuan is rallying midweek against some of its most traded currency rivals. Despite vehicle sales tumbling in June and inflation coming in lower than expected, the yuan is strengthening, which could be attributed to renewed trade negotiations between the world’s two largest economies.

Canadian Dollar Mixed on Disappointing Auto Sales, Rising Energy Prices

The Canadian dollar is mixed at the end of the trading week, finding direction against several currencies on recent automobile sales data and rallying crude oil prices. The loonie is trying to take advantage of the many dovish comments at the Federal Reserve, further helping the dollar pare its losses in the last week.

Canadian Dollar Continues Rally on Higher Auto Sales

The Canadian dollar is continuing its tear on Tuesday as the loonie was lifted against major currency rivals on strong automobile sales. The dollar’s gains were capped by disappointing manufacturing numbers, which could signal a cooling economy. Investors will now look ahead to inflation and retail receipts this week.

Market Sentiment Drags Aussie Dawn Despite Positive Data

The Australian dollar fell today, dropping for the second consecutive day against its most-traded rivals, as the market sentiment remained unfavorable to riskier currencies linked to commodities and growth. Positive domestic macroeconomic data did not help the Australian currency that much.

Australian Dollar Gains, Lifted by Positive Data

The Australian dollar gained today, reaching new multi-year highs against a number of currencies, as economic reports released from Australia during the current trading session were relatively good.

Australian Dollar Sinks Despite Decent Economic Reports

The Australian dollar sank against its major peers today. It is hard to say why the currency was so weak considering that economic data released from Australia on Wednesday was not that bad.

Australian Dollar Higher After Economic Data & RBA Minutes

The Australian dollar ticked up a little against the US dollar and the Japanese yen today, lifted by positive domestic macroeconomic data and minutes of the latest central bank’s meeting.

Aussie Shrugs Off Negative Employment Data

The Australian dollar was on the rise today even though Australia’s employment demonstrated a surprise drop last month. Still, the Aussie remains one of the weakest major currencies over the week.

Australian Dollar Hurt by Lackluster Motor Vehicle Sales

The Australian dollar was neutral-to-lower today as nation’s macroeconomic data was lackluster, making the currency unable to profit from the strong performance of the commodity market.

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