The Australian dollar was under pressure during the current trading session after a private report showed that China’s manufacturing was deteriorating this month. Yet the currency did not move far initially as other data from China was not bad and the domestic indicators were supportive as well. The Aussie made a sharp jump just recently.
March 24th, 2015 at 12:55
March 19th, 2015 at 11:00
The Australian dollar leaped higher earlier on the news that the Federal Reserve was revising its economic forecast. Now, after a jump, the Aussie is down against the dollar and the pound, although it is still higher against the euro.
March 16th, 2015 at 11:44
China’s Premier Li Keqiang signaled that policy makers will stimulate the nation’s economy if growth continues to slow. His speech led to a jump of Chinese shares, but the yuan was trading lower at the start of the week.
March 10th, 2015 at 12:55
The Chinese yuan traded almost flat during the European session after economic data from China came out mixed with rising consumer inflation but falling producer prices.
March 09th, 2015 at 12:43
The Australian dollar gained today even though economic data from China, the biggest trading partner of Australia, was not particularly supportive for the currency.
March 02nd, 2015 at 13:27
Japanese yen is mostly lower today, weakening as the Chinese rate cut announced recently causes Forex traders to consider what’s next.
February 16th, 2015 at 12:29
Even though the GDP report for Japan wasn’t as optimistic as hoped for, there is evidence of recovery, and that is helping the yen a little bit today in Forex trading. Yen is higher against its major counterparts.
February 16th, 2015 at 11:46
Right now, there is speculation that China might end up with no choice but to devalue the yuan (also called the renminbi) if the economic situation doesn’t improve soon. Policymakers in Beijing have spoken out against the idea, but some analysts think that there might not be an option.
February 10th, 2015 at 13:33
The Australian dollar continued to rally against the Japanese yen today following yesterday’s gains but fell against other major currencies including the US dollar. News from Australia itself was good but reports from China were disappointing.
February 09th, 2015 at 15:14
The Chinese yuan fell today even as data released over the weekend showed that the nation’s trade balance improved. The caveat is that the improvement was a result of the sharp drop of imports, not due to growth of exports (which actually also fell, just not as much as imports).