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.
September 22nd, 2014 at 8:53
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.
September 15th, 2014 at 10:47
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.
September 15th, 2014 at 10:25
Euro would have been weakening anyway, thanks to recent efforts from the ECB, but weak Chinese data is weighing on risk appetite, and the euro is down across the board.
September 15th, 2014 at 9:47
The Australian dollar opened sharply lower today due to worse-than-expected economic data from China released over the weekend. While the currency bounced from daily lows, it is still far below the Friday’s closing rate.
September 09th, 2014 at 11:13
The Chinese yuan gained today as the nation’s central bank raised its daily reference rate by the most in almost four years after yesterday’s positive trade data.
September 08th, 2014 at 17:31
The Australian dollar slumped against its US counterpart and weakened against the euro even as both domestic and overseas economic news were positive for the currency, which was demonstrating remarkable strength last week.
August 27th, 2014 at 12:06
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.
August 21st, 2014 at 10:57
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.
August 19th, 2014 at 22:38
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.