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After a strong start to the week for the Aussie, it was a mixed ending against the majors on counter currency flows and a roller coaster week of geopolitical news influences.

Australian Headlines and Economic data
Monday:
- Australian services PMI rebounds to 51.9 in Sept (49.3 previous) while manufacturing PMI contracted to 49.4 (50.9 previous)
- Risks to Australia’s financial stability from housing has “abated somewhat” -regulators
Tuesday:
- Australia not an interest rate island: RBA signals more cuts
- Australia central bank governor leaves door open for more rate cuts
- China grants new tariff waivers for purchases of U.S. soybeans
Wednesday:
- Somewhat of a broad move lower in the Aussie during the Wednesday trading session, likely on growing global risk aversion sentiment sparked by geopolitical headlines (Pelosi launches formal Trump impeachment inquiry, Donald Trump attacks China on trade and urges restraint on Hong Kong protests in speech to UN General Assembly)
Thursday:
- Aussie pairs resumed their march higher during the Thursday trading session, arguably on a positive turn in the U.S.-China trade war story (China says in close communication with U.S. over October trade talks)
Friday:
- The Aussie takes a step back mid-U.S. trading session on Friday, likely on news that the White House deliberated blocking on all US investments in China. This is a pretty big deal that likely increased speculation that the U.S.-China trade deal gets a lot harder to get done.