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Global risk aversion sentiment off of U.S.-China trade headlines and a net dovish updates from Australia had the Aussie spending most of the week in the red against the other major currencies.

Overlay of AUD Pairs: 1-Hour Forex Chart
Overlay of AUD Pairs: 1-Hour Forex Chart
AUD Weekly Performance from MarketMilk
AUD Weekly Performance from MarketMilk

Australian Headlines and Economic data

Monday:

  • No major Australian catalysts for the Aussie to start the week, which means the broad move lower in the Aussie against the majors was influenced by broad risk sentiment. This was likely on reports of a pessimistic mood from Beijing on U.S.-China trade negotiations bringing global risk sentiment down into negative territory.

Tuesday:

Wednesday:

Thursday:

Friday: