China — News Archive

Greenback Continues to Look for Direction

US dollar is trading mixed today, and the US dollar index is down, thanks to a lot of the upheaval in the world right now. Greenback is trying to push higher after losing ground recently, and the results depend largely on a number of global factors.

Yuan Gains Even as Inflation Slows

The Chinese yuan gained today even though macroeconomic indicators were negative for the currency. Consumer inflation slowed unexpectedly and producer prices continued to fall.

US Dollar Mostly Lower on Profit Taking and Consolidation

Greenback is losing ground today, thanks in large part to profit taking and consolidation going on right now. At the end of last week, good economic news sent the US dollar soaring, but now it seems as though Forex traders are ready to take a step back and consolidate their positions.

Aussie Bounces from Multi-Year Low

The Australian dollar managed to bounce after the initial drop today. The currency rose even though fundamentals were not particularly supportive. The Aussie dropped to the new multi-year low against the US dollar previously.

China’s Interest Rate Cut Lifts Australian Dollar

The Australian dollar climbed today, reaching the highest level in more than a year and half against the Japanese yen. The rally followed a surprise interest rate cut from China’s central bank.

Yuan Weakens as Manufacturing PMI Falls

The Chinese yuan weakened today as a private indicator of nation’s manufacturing fell more than was anticipated. The gauge was at the neutral no-growth level.

Aussie Swings, Then Moves Lower

It’s been a choppy morning of trading so far, thanks in large part to the surprise data that shows Japan is in recession. The move has certainly impacted the Australian dollar, leading to wild swings in earlier trading. Now, though, the Aussie has settled down a little bit and is moving lower against most of its major counterparts.

Aussie Gains on Inflation Expectations, Dismisses Data from China

The Australian dollar dipped against its US counterpart and the Japanese yen at the start of today’s trading session but jumped after the gauge of inflation expectations rose.

US Dollar Maintains a Firm Undertone

Even with a bit of selling off earlier, the US dollar maintains a firm undertone in currency trading today. Even though the dollar is down a bit against the yen, it is higher against its European counterparts, and the dollar index is gaining ground.

Yuan Backed by Economic Data

The Chinese yuan gained today due to positive data about trade balance and consumer price inflation, which has been released in China over the weekend. As for negative indicators, producer prices fell more than was expected.

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