China — News Archive

Euro Gives Up Some Earlier Gains, but Manages to Retain Upper Hand

Euro is still maintaining a level of strength against its major counterparts today, even after more concerns about China. However, there are still expectations that the next ECB policy meeting will put the brakes on the 19-nation currency.

US Dollar Broadly Stronger, Unable to Beat UK Pound

The US dollar was broadly stronger against its most-traded counterparts today as disappointing news from China damped risk appetite among Forex traders. Saying that, the greenback was not able to beat all the major rivals, falling a little against the Great Britain pound.

Canadian Dollar Suffers Together with Commodities

The Canadian dollar slumped today as China’s not-so-good macroeconomic data dragged prices for raw materials down, hurting commodity-linked currencies along with them.

NZD Gains on EUR, Flat vs. USD

During the Monday’s trading session, the New Zealand dollar showed performance similar to that of its Australian counterpart. The currency gained a bit on the euro but was little changed against the US dollar.

Australian Dollar Fails to Rally After China’s Data

The Australian dollar gained against the euro today following the release of mixed economic data from China. The currency has attempted to rally against the US dollar as well but failed and trades close to the opening level as of now.

Aussie Struggles to Find Direction amid Confusing Fundamentals

The Australian dollar was struggling to find direction during the Wednesday’s trading session amid mixed fundamentals. Domestic economic data was supportive for the currency while overseas news was detrimental.

China’s Trade Data Weighs on Aussie

The Australian dollar halted its impressive rally today, falling 1 percent against the Japanese yen, after the release of China’s trade data. Positive domestic data was unable to aid the Australian currency.

Yuan Firmer as PBoC Sets Daily Fixing Higher

The Chinese yuan advanced today as the nation’s central bank set the reference rate higher. Speculations about possible delay of an interest rate hike from the Federal Reserve were also helping the currency.

Yen Mostly Lower as BOJ Meeting Starts

Japanese yen is mostly lower today, dropping as many expect the Bank of Japan to ease its monetary policy at some point this month. While there is a policy meeting set for today and tomorrow, another is set for October 30.

New Zealand Dollar Rises in Face of Adverse Fundamentals

The New Zealand dollar rallied today even though macroeconomic data released earlier this week was highly negative for the currency while the market sentiment was not supportive either.



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