Aussie falls against dollar despite positive Australian data

Australian dollar fell against the greenback today, shrugging off positive economic data, amid mounting global recession concerns in markets.

Bond yields in both the United Kingdom and the United States have sharply fell, which global markets interpret as a sign of a near global recession.

Australian economy released its reading for the wage price index, rising by 0.6% in July, higher than forecasts of 0.5%.

Trump’s administration decided yesterday to delay the decision to impose a 10% tariffs increase on Chinese imports worth $300 billion to mid-December as the US Trade Representative's office said, instead of September 1st, which has eased global markets' concerns. 

US President Donald Trump said the decision is due to the holidays season because the tariffs have an impact on shopping.

By 15:57 GMT, AUD/USD fell by 0.8% to $0.6742, with a high of $0.6808 and a low of $0.6736.