China — News Archive

Dollar Profits From Global Economic Pessimism

Saturday, January 16th, 2010

US DollarThis Friday’s shift in market sentiment allowed the U.S. dollar to post a weekly advance versus most of the main higher-yielding currencies, as risk aversion rose globally and traders opted by the relative safety provided by dollar-priced assets.

Australian Dollar Down on Chinese Risk Aversion

Friday, January 15th, 2010

Australian dollarThe Australian dollar was one of the most affected currencies today as speculations that Chinese lending requirements will slow down the global economic recovery impacted traders’ sentiment, declining appetite for high-yielding currencies.

Yen Benefits from China’s Lending Restrictions

Friday, January 15th, 2010

Japanese yenDemand for safety rose today as concerns among investors that Chinese lending limits announced this week by the nation’s government may impact the global economic performance, allowing the yen to beat all of the main traded currencies in foreign-exchange markets today.

Norwegian Krone Tumbles as Commodities Rally Slow Down

Tuesday, January 12th, 2010

Norwegian KroneAfter several days gaining versus the dollar and the euro, the Norwegian currency slid versus main traded currencies as a bearish day in equities markets and decreased demand for commodities shunned investors from assets in the Nordic country.

Yen Rallies on China’s Banking Policy

Tuesday, January 12th, 2010

Japanese yenRisk aversion declined significantly today after China set a new reserves requirements for banks in the country, allowing the yen to outperform all of the 16 main traded currencies in foreign-exchange markets, as pessimism surged.

Yen Rises on Chinese Government Statement

Thursday, November 12th, 2009

Japanese yenAfter several days driven by risk appetite globally favoring high-yielding currencies and forcing commodities rates up, the rally was halted as China affirmed that the economic recovery is uneven, raising concerns among safeties and attracting them to the safety of the Japanese currency.

Australian Dollar Remains Bullish on China Growth

Wednesday, November 11th, 2009

Australian dollarThe Australian dollar, the second best performing currency in trading markets this year after the Brazilian real, climbed further as China, its main trading partner, posted positive economic figures this Wednesday, adding confidence to the already attractive Aussie.

Mexican Peso Declines on U.S. Trade Dispute

Monday, September 14th, 2009

Mexican PesoThe Mexican currency declined today after a series of international events affected the peso negatively, as the crude oil declined and China entered a trade dispute with the United States.

Australian Dollar Rebounds on Chinese Data

Friday, September 11th, 2009

Australian dollarThe Australian dollar was affected yesterday by a series of negative domestic reports that halted a rally which set the currency to a one year high versus the greenback, but today, after favorable reports coming from Asia, the Aussie managed to reestablish its previous winning trend.

Yen Gains on New Tax Law

Thursday, August 27th, 2009

Japanese yenThe Japanese currency extended its weekly gains today on speculations that Japanese investors are bringing overseas investments capital back to the country to profit from a new tax law, making the yen to climb further in an already pessimistic scenario.


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