The Australian dollar rose today after the release of monetary policy meeting minutes that suggested the Reserve Bank of Australia is not planning to cut interest rates once again next month. The currency has trimmed its gains by now, losing them against the Japanese yen completely.
The New Zealand dollar ended the week as the weakest among most-traded currencies. The major reason for the poor performance was a larger-than-expected interest rate cut by New Zealand’s central bank, but risk aversion also played a significant part.
The Australian dollar fell today, dragged down by a range of fundamentals, including risk aversion and prospects for additional monetary easing. Macroeconomic data in China, Australia’s biggest trading partner, was mixed, giving no support to the Aussie. But the Australian currency was attempting to recover, and it even managed to gain on some of its rivals, including the US dollar.
The Australian dollar resumed its decline today after halting the drop yesterday. The currency firmed during the previous trading session after the monetary policy announcement of the Australian central bank. But the Aussie continued to move lower during the current session amid risk aversion prevailing on the market.
The Australian dollar gained against the majority of its most-traded counterparts today, with the exception of the US dollar. That is despite the Reserve Bank of Australia released policy minutes, which suggested that the central bank maintained easing bias.
The Reserve Bank of Australia cut interest rates today. Yet the Australian dollar did not react to the news in the expected manner, rising after the event, not falling.
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.
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.
The Australian dollar gained against its most-traded rivals today after the central bank’s chief questioned the efficiency of further monetary policy easing. The currency also got support from the stabilizing market sentiment.
The US dollar ended the past trading week as the weakest currency on the Forex market. The Federal Reserve monetary policy meeting was the major event affecting the greenback during the week, though plenty other events that were affecting other currencies.
