Australian Dollar Dragged Down by Market Sentiment, Poor Data

Feb 27,2019 20:22   Source:Earnforex
The Australian dollar was weak today, falling for the same reasons as its New Zealand counterpart: the negative market sentiment and poor domestic macroeconomic data. The Australian Bureau of Statistics reported that construction work done fell 3.1% in the December quarter from the previous three months on a seasonally adjusted basis. That was completely opposite to analysts’ expectations of a 0.6% increase. The decline in the September quarter got a substantial negative revision from 2.8% […]

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