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Australian Dollar Declines After China’s Poor Trade Data

The Australian dollar started the trading week with losses against other most-traded currencies. The general market sentiment seemed to be relatively optimistic due to the positive news about the US-China trade negotiations. But trade data from China released on Monday did not look good, and that is one of the possible reasons for the weak performance of the Aussie.

Japanese Yen Falls on Optimism for US-China Negotiations

The Japanese yen fell against other major currencies today as the mood on markets was generally optimistic, giving little incentive for traders to buy safer currencies. Domestic macroeconomic data was not helping the yen either, being disappointing for the most part.

Australian Dollar Gains on Hopes for US-China Trade Deal

The Australian dollar rose against other most-traded currencies today. With domestic macroeconomic data being a mixed bag, it is likely that the currency found outside support for its rally. Market analysts speculated that the Aussie gained on optimism about the US-China trade talks, though it is important to note that today’s headlines provided conflicting reports about the progress in the negotiations.

Euro Falls on Weak German Factory Data, Rallies Despite Trade Fears

The euro today fell against the US dollar following the release of disappointing German factory orders data in the early European session. The EUR/USD currency pair later rallied as the US dollar fell on fears that the Fed would announce more aggressive easing methods at its next meeting.

AUD Starts Week Soft on Construction Data, Trade Talks Worries

The Australian dollar declined against most other major currencies today. Both domestic macroeconomic data and the general risk-off market sentiment were dragging the currency down. The risk sentiment suffered due to renewed concerns about the Sino-US trade talks.

Aussie Mildly Higher on News About US-China Trade Negotiations

The Australian dollar traded mildly higher today as the market sentiment improved slightly on positive news about US-China trade talks.

Australian Dollar Holds Ground Despite Negative Fundamentals

The week started seemingly bad for the Australian dollar as fundamentals looked rather unfavorable to the currency. Some of the domestic macroeconomic indicators released on Monday were bad, and there was troubling news about China-US trade negotiations. But the Aussie did not perform particularly poorly and even managed to gain on some major rivals.

Canadian Dollar Falls on Risk-Off Mood and Weak Retail Sales

The Canadian dollar today fell against its US counterpart as investors ignored upbeat crude oil prices and bought the safe-haven greenback as geopolitical risks mounted. The USD/CAD currency pair today rallied higher following the release of disappointing Canadian retail sales data in the American session before giving up most of its gains.

Euro Crashes From Daily Highs on Upbeat US ISM Services PMI

The euro today crashed from its daily highs in the American session following the release of the upbeat US ISM non-manufacturing PMI among other positive US releases. The EUR/USD currency pair had rallied to its daily highs in the early European session driven by the news that US-China trade talks are set to resume next month.

US Dollar Ends Week Strongest as US-China Tensions Deescalate

The US dollar ended the week as the strongest currency on the Forex market, though commodity currencies like the Australian and Canadian dollars (but not the New Zealand dollar) were following close behind. The developments in the US-China trade conflict was one of the main drivers for the market during the week.

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