Aussie Falls Despite Positive Market Sentiment, Domestic Data Doesn’t Help

Jun 11,2019 17:04   Source:Earnforex
The Australian dollar remained soft today, extending yesterday’s decline against many rivals. The Australian currency, together with its New Zealand counterpart, was moving in opposition to the general market sentiment, which was positive and supportive to riskier currencies. Mixed domestic macroeconomic data was not helping the Aussie. National Australia Bank reported that business conditions fell from +3 to +1 in May. In contrast, business confidence rose […]

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