Partner Center Find a Broker

After a bit of time in the red to start the week, the Aussie managed to ride the wave of positive global risk sentiment higher, as well as fall with it on Friday to end the week on a net negative note.

Overlay of AUD Pairs & Gold (Black Line): 1-Hour Forex Chart
Overlay of AUD Pairs & Gold (Black Line): 1-Hour Forex Chart
AUD Weekly Performance from MarketMilk
AUD Weekly Performance from MarketMilk

Australian Headlines and Economic data

Monday:

Tuesday:

Wednesday:

Thursday:

Friday:

  • A little bit of pullback in global risk optimism (and the Aussie) as details of the newly formed U.S.-China trade agreement were a little bit disappointing (only 50% of the $112B in tariffs would be rolled back and China agreed to buy $32B in additional agricultural goods over the next two years, conflicting with Trump’s claims of $50B in agricultural purchases. A nice bump higher off of the news for the yen, but not enough to take it out of the red against any of the major currencies.