Partner Center
Find a Broker
The Aussie takes one of the top spots among the major currencies, once again on positive U.S.-China trade developments that pushed up positive risk sentiment throughout the week.

Australian Headlines and Economic data
Monday:
- Buyers are piling back into the Australian housing market and they’re taking on the debt to prove it — as home loans spike the most since 2016
- In seasonally adjusted terms, new lending commitments to Australian households rose 3.9% in July 2019, following a 1.9% rise in June
Tuesday:
- Australian business confidence and conditions declined in the month, with both now at +1 index point – well below long-run averages
- Global risk sentiment begins to shift towards positive for the week, starting with talk that China ready to sweeten deal by buying American goods, pushing traders away from safe haven assets into the “riskier” currencies like the Aussie, which tends to benefit with any positive China news because of their close trading relationship.
Wednesday:
Thursday:
- Global risk sentiment continued its positive march during the U.S. trading session, likely on the combination of fresh stimulus moves from the European Central Bank (cuts its deposit rate, launches new bond-buying program) and more positive developments from the U.S.-China trade theme as Trump delays tariff hikes on Chinese goods ahead of talks & China exempts U.S. agricultural products from tariffs after reports of potential interim trade deal. The Aussie finds support once again in this environment due to Australia’s trading relationship with China.
Friday:
- China exempts U.S. agricultural products from tariffs after reports of potential interim trade deal – this development gives the Aussie one last boost higher for the week, with exception to the euro (continued relief rally after the ECB meeting on Thursday) and the British pound (support on potential that Boris Johnson is edging closer towards agreeing a new Brexit deal)