The New Zealand dollar was rallying today on positive macroeconomic reports from China, but retreated later and is trading below the opening level as of now. The currency was most likely dragged down by fears of quantitative easing tampering from the US Federal Reserve.
November 06th, 2013 at 14:27
Risk appetite is making an appearance today, and that is sending the US dollar a little bit lower today. News out of China is driving some risk appetite, and for now there is more focus on high yielders than there is on what the Federal Reserve is planning.
November 04th, 2013 at 12:54
The Australian dollar advanced today as domestic retail sales exceeded forecasts, giving hopes that the Reserve Bank of Australia will refrain from an interest rate cut. Positive data from China supported the currency too.
November 01st, 2013 at 11:57
The Chinese yuan was little changed today against the US dollar even as both government and private reports showed an expansion of the nation’s manufacturing sector.
Aussie is mixed today following comments from the governor of the Reserve Bank of Australia. However, there is a good chance that the comments will send the Aussie a bit lower in the future, since he said outright that he expects the Australian dollar to head lower in the future.
The Australian dollar advanced today on speculations that central banks around the world will maintain monetary accommodation. Hopes that China will continue to show sustainable growth also helped the currency.
October 24th, 2013 at 11:26
The Indonesian rupiah rose a little today as China’s manufacturing index ticked up this month, improving prospects for exports of Indonesia. The positive data improved the market sentiment that was previously negative.
October 23rd, 2013 at 20:20
The Australian dollar tumbled today as news from China resulted in risk aversion driving investors away from currencies with higher yield.
October 23rd, 2013 at 15:53
The latest news out of China, with money market rates on the rise, is prompting gains for the greenback today. Indeed, there is enough concern about liquidity that many Forex traders are looking for safe haven, and buying the dollar for the stability.
October 23rd, 2013 at 10:01
The Japanese yen jumped today on speculations that Chinese policy makers are going to perform monetary tightening. Such talks made traders nervous and drove them to seek safety.