China — News Archive

Yuan Falls as World Bank Lowers Growth Projection

The Chinese yuan fell today as the World Bank reduced its projections for global growth. The previous data from China did not help the currency either.

Aussie Gets Boost from Consumer Sentiment

Aussie is getting a bit of a boost today, thanks to improvement in consumer sentiment. Australian dollar is gaining against the US dollar as questions about what’s next for the US dollar continue, and as the situation shows improvement Down Under.

Aussie Falls on Weak GDP

Australian dollar is down across the board today, falling as weak GDP data weighs. Aussie is down against all of its major counterparts as concerns about what’s next for the Down Under economy, as well as general risk aversion, send the currency lower.

Risk Aversion, Eurozone Concerns Send Euro Lower

Risk aversion is back in vogue today, and that is weighing on the euro today. Indeed, euro is a little lower ahead of tomorrow’s expected ECB policy announcement. Forex traders are waiting to see what the ECB will announce tomorrow.

Euro Swings Between Gains and Losses Against Dollar

Euro is moving between gains and losses against the US dollar today. Trading has been choppy as Forex traders try to work through some of the uncertainty surrounding the two currencies.

Yuan Drops as Manufacturing Contracts

The Chinese yuan fell today as China’s manufacturing contracted last month, adding to concerns that the nation’s economy is going to experience slower growth.

Aussie Drops as Commodities Continue to Struggle

Australian dollar is heading lower today, dropping as commodities continue to struggle. With the Federal Reserve on the verge of pulling back its stimulus efforts, and concerns about global growth rising to the top, Aussie is having trouble today.

Yen Profits from Signs of Global Slowdown

The Japanese yen climbed today against most major currencies as signs of global economic slowdown made investors seek safety, sending stocks and commodities down together with currencies related to growth.

Swiss Franc Retains Gains on Risk Aversion

The Swiss franc retreated today after jumping yesterday on risk aversion, but retained most of its gains. Additionally, the currency advanced versus the yen, against which it fell yesterday.

Canadian Dollar Teeters Between Gains and Losses

Canadian dollar is experiencing very choppy trading today, moving between gains and losses against major counterparts as traders and investors try to figure out what to do next.

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