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Australian Dollar Strongest on Economic Data, Market Sentiment

The Australian dollar rallied today, turning out to be the strongest currency on the Forex market during Wednesday’s trading. The possible reasons for the rally were good domestic macroeconomic data and optimism about an exit from the lockdown in Australia as well as other countries around the world.

NZ Dollar Attempts to Rise After Surprise Growth of Employment

The New Zealand dollar attempted to rally today following a surprisingly positive employment report that showed that New Zealand unexpectedly added jobs last quarter. The currency has retreated against some of its rivals by now but managed to keep gains versus others.

NZ Dollar Little Changed After Mixed Employment Data

The New Zealand dollar was little changed today as local markets were closed for a holiday. The currency did not show a clear trend yesterday either after the release of mixed employment data in New Zealand.

Australian Dollar Sinks After RBA Minutes Hint at Interest Rate Cut

The Australian dollar fell against all other of its most-traded rivals, including commodity currencies, after the minutes from the Reserve Bank of Australia made market participants believe that the central bank will cut interest rates in the near future.

Swiss Franc Strengthens Amid Fall in Import, Producer Prices

The Swiss franc is strengthening against a myriad of currencies on Thursday, buoyed by a decline in import and producer prices. Low unemployment and larger foreign exchange reserves have contributed to the franc’s gains as of late. But there is more than just data that is spurring global interest in the country right now: coffee.

Australian Dollar Weak Despite Decent Data

The Australian dollar declined against other most-traded currencies today even though domestic macroeconomic data was decent and should have supported the Aussie. The probable reason for the currency’s decline was a disappointment in the speech of US President Donald Trump, who did not reveal any news about progress in the US-China trade negotiations.

US Dollar Sinks As August Jobs Disappoint Investors

The US dollar is falling against a few major currency rivals to close out the trading week, driven by a lower-than-expected jobs report in August. The disappointing labor numbers are likely enough to give the Federal Reserve the evidence it needs to pull the trigger on a second cut to interest rates later this month. But it could spell bad news for the greenback’s strength, something that the administration is hoping for.

Positive Domestic Data Unable to Help Australian Dollar

The Australian dollar fell today, joining its New Zealand peer in decline. While domestic macroeconomic data was good, it was not enough to outweigh the impact of disappointing economic indicators released in China, Australia’s biggest trading partner.

Aussie Under Pressure from Wage Inflation Miss, Chinese News

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

Aussie Reacts Negatively to China’s Disappointing Retail Sales

The Australian dollar attempted to rally during the Wednesday’s trading session but fell later. Some market analysts attributed the decline to the worse-than-expected retail sales in China. China’s macroeconomic data often has strong impact on the Australian currency because China is Australia’s biggest trading partner. Economic reports released in Australia itself over the current session were good.

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