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The Australian Dollar eased lower in early trading Wednesday after bettter-than-expected wage figures and a surprise U.S. rethink of its latest round of trade tariffs were overshadowed by the possible implications of some dire Chinese economic numbers released overnight.
August 14,2019
The overarching downtrend in GBP/AUD is still intact, but a break back below the trendline is required to confirm the downtrend's extension.
August 12,2019
The Australian Dollar was steady during the morning session Friday after the Reserve Bank of Australia (RBA) signalled it will be wait a while before cutting interest rates again and as market concerns over the Chinese Renminbi eased, which analysts are divided in their outlook for the Antipodean currency over the coming weeks.
August 9,2019
The Australian Dollar topped the G10 league table Thursday as financial market fears over the outlook for the Renminbi and state of U.S.-China relations ebbed, but the Antipodean currency is at an inflection point and approaching a moment of reckoning that could either mark recovery or prompt severe losses.
August 8,2019
The Australial Dollar was badly wounded during the Wednesday trading session after an aggressive interest rate cut in New Zealand prompted markets to speculate the Reserve Bank of Australia (RBA) could soon follow suit, with price action prompting one influential analysts to warn the Aussie is in danger of falling back to its 2008 low.
August 7,2019
The Australian Dollar surged higher against its G10 rivals Tuesday after the Reserve Bank of Australia (RBA) suggested it will wait for some time before cutting its interest rate again and as markets serenaded a record trade surplus for the month of June.
August 6,2019
The Australian Dollar fell into the new week Monday as commodity currencies and so-called risk assets sold off in tandem with China's Renmimbi, which broke below a psychologically important level in response to the latest 'fixing' from the People's Bank of China (PBOC).
August 5,2019
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