China — News Archive

Euro Trades Mixed on the FX Market

Euro is trading mixed today, gaining ground against low beta currencies, but losing ground against its high beta counterparts. There is a lot of concern about the euro right now, and the 18-nation currency is only getting a bit of a boost as risk appetite makes an appearance.

Aussie Losses Steam Following Yesterday’s Rally

The Australian dollar was retreating against its US counterpart today following yesterday’s huge jump. The currency also fell against other major peers even though Australia’s economic data was rather positive.

South Korean Won Joins Rally After China’s Data

Today’s trade data from China helped many currencies of emerging markets, especially Asian ones. The South Korean won was among winners, rising against the US dollar, which continues to struggle after it has halted its rally.

Australian Dollar Rises on China’s Trade Data

The Australian dollar rose as today’s trade data from China was generally well-received by Forex market participants, leading to fairly positive outlook for Australia’s economy that depends on trading with its Asian partner strongly.

South Korean Won Advances with Help from Chinese Data

The South Korean won rose together with other Asian currencies today with help of positive macroeconomic data from China, which made investors look more favorably on the currencies of emerging markets that are often associated with risk.

Yen Rises, Undeterred by Risk Appetite

The Japanese yen rallied today, rising for the second trading session against the US dollar, even though economic data from China resulted in risk appetite among Forex market participants that should have weakened the currency.

China’s Data Pleasantly Surprises, Aussie Edges Higher

The Australian dollar ticked up, rising against all its most-traded peers, as economic data released today from China was better than traders have anticipated, improving prospects for Australia’s exports.

Fears of China’s Slowdown Push Aussie Lower

The Australian dollar dipped today together with other growth-related currencies due to concerns about potential slowdown of economic expansion in China. Fears of slowing growth hurt the Aussie both directly and indirectly, pushing prices for commodities lower.

Fundamentals Prevent NZD from Rallying

The New Zealand dollar attempted to rally today but failed and slid below the opening level. Economic data from New Zealand was not particularly supportive for the currency, and concerns about tomorrow’s manufacturing report from China further eroded bullishness of the kiwi.

Yen Higher Now, but Will It Last?

Yen is higher today, thanks in large part to the fact that China’s weak data is prompting strong risk aversion. Even though the yen is higher now, though, there are many who think that the yen will move lower in the future, due to the fact that the Japanese government is running out of options.

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