Aussie Sinks as US-China Trade Tensions Sour Market Sentiment

May 14,2019 02:20   Source:Earnforex
The Australian dollar sank today, leading the decline among riskier commodity currencies, as the market sentiment deteriorated amid escalating trade tensions between China and the United States. Domestic macroeconomic data was not helpful to the Aussie either. The Australian Bureau of Statistics reported that the total seasonally adjusted number of home loans dropped by 2.5% in March from the previous month. That is instead of rising 2.2% as analysts had predicted. But […]

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