China — News Archive

NZ Dollar Gains on Fonterra Dairy Price Forecast

The New Zealand dollar climbed today after Fonterra Cooperative Group Ltd., the world’s biggest dairy exporter, maintained its milk-price forecast on expectations that China will increase imports.

Aussie Recovers After Big Drop

The Australian dollar dipped today after manufacturing data from China disappointed traders. Yet for whatever reason the currency was able to erase the big drop and trades near the opening level right now.

Outlook for China’s Manufacturing Boosts Yuan

The Chinese yuan advanced today, reaching the highest level in five months, on forecasts of manufacturing growth in the second biggest economy in the world.

Yuan Falls vs. Dollar Even as Chinese Manufacturing Accelerates

The Chinese yuan fell against the US dollar today even though both official and private estimates of nation’s manufacturing were rather good, showing than the sector was expanding with accelerating pace last month.

Yuan Rises as Manufacturing Growth Beats Expectations

The Chinese yuan advanced today after the gauge of the nation’s manufacturing sector demonstrated an increase this month which was above economists’ projections.

Risk-Negative Sentiment Results in Softness of Aussie

The Australian dollar started the week falling due to concerns about economic slowdown in China as well as because of the general risk-aversion sentiment on the Forex market, which persisted since the last week.

Yuan Holds Ground in Face of Poor Data

The Chinese yuan gained on the US dollar today even though macroeconomic reports from the Asian nation were not particularly good, feeding concerns about slowdown of the world’s second-biggest economy.

Vietnamese Dong Falls, Officials Believe Exchange Rate Will Be Stable

The Vietnamese dong fell today, but central bank officials are certain that the currency’s exchange rate should remain stable over the longer term. One of the reasons for such outlook is the limited Vietnam’s exposure to the Chinese banking sector.

Yuan Gains as Fears About Slowdown Abate

The Chinese yuan gained today as faster-than-expected inflation eased fears about economic slowdown in the Asian country. Today’s positive data followed the report about trade balance that was released over the weekend and was also better than forecasts.

Yuan Profits from Dollar’s Weakness as PBoC Boosts Daily Fixing

The Chinese yuan advanced today as the nation’s central bank boosted its reference rate after the US dollar demonstrated a big drop despite the earlier rally.

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