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Aussie Mixed amid Negative Fundamentals

It looked like all fundamentals were negative for the Australian dollar today. That included the disappointing growth of private sector credit, the dovish monetary policy outlook, and the market sentiment that was unfavorable for riskier currencies. Yet surprisingly, the Aussie did not perform that bad considering all the negative factors. While it fell against some major rivals, the currency managed to gain on others.

Australian Dollar Strong Despite Big Drop of Building Approvals

The Australian dollar was strong today despite underwhelming domestic macroeconomic data.

Australia’s Private Sector Credit Remains Stable, Aussie Pays Little Attention

The Australian dollar was either flat or lower versus its major rivals today as currencies were struggling to find directions ahead of the US-China trade talks on the weekend. Domestic macroeconomic data, which came out within expectations, was of limited interest to traders.

Aussie Soft due to Risk Aversion, Chinese Data

As many other currencies, the Australian dollar was soft today due to risk aversion caused by escalating US trade wars. Poor China’s macroeconomic data was not helping to improve the traders’ mood either.

Australian Dollar Recovers After China’s Disappointing Data

The Australian dollar demonstrated the same performance as its New Zealand counterpart — rising a bit today after yesterday’s big slump. Unlike the kiwi though, the Aussie did not have negative domestic economic data to explain the decline. Perhaps, the currency continued to fall after disappointing macroeconomic releases in China on Tuesday. Update: currently, the Aussie has lost its gains.

Aussie Trims Gains After Rallying on Risk Appetite, Domestic Data

The Australian dollar gained today thanks to the mild risk appetite on the Forex market and positive domestic macroeconomic data. By now, though, the currency has trimmed gains versus some of its rivals.

Poor Chinese Economic Data Overshadows Australian Reports, Dragging Aussie Down

The Australian dollar fell on Thursday and was one of the weakest currencies on the Forex market during the trading session. While domestic macroeconomic data was decent for the most part, poor reports from China and risk aversion on markets dragged the currency down.

Australian Dollar Rallies on Back of China’s Improving Data

The Australian dollar gained against most of its major rivals today thanks to the better-than-expected macroeconomic reports released in China, Australia’s biggest trading partner. Data in Australia itself was somewhat mixed, but none of the reports released today was outright negative.

NZ Dollar Pares Losses vs. US Dollar, Remains Soft vs. Other Majors

The New Zealand dollar managed to pare losses versus its US counterpart today, but remained weak against other most-traded currencies, including the Australian dollar, which itself was vulnerable.

Australian Dollar Weaker After China’s Disappointing Data

The Australian dollar fell today. While domestic macroeconomic data was decent, reports in China, Australia’s biggest trading partner, were disappointing.

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