China — News Archive

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.

AUD Drops vs. USD, Gains on JPY

The Australian dollar dropped against its US counterpart due to negative economic data from Australia. At the same time, the currency managed to reverse its losses versus the Japanese yen and reached the highest level in a year and a half.

Loonie Gains a Bit Against Major Counterparts

Canadian dollar is heading a little bit higher today, gaining ground after weakening yesterday. A slight uptick in oil prices, along with better news in European and China, are helping the loonie a little bit. However, there are still challenges ahead for the Canadian dollar.

NZ Dollar Extends Bounce from October’s Lows

The New Zealand dollar rose today, getting help from positive economic reports from China. While the currency slowed its rise as of now, it still trades above the opening level, extending its bounce from fresh lows that the currency has reached earlier this month.

China’s Data Makes Aussie Stronger

The Australian dollar advanced against its US counterpart for the third straight session today and rose against other most-traded currencies as well with the help of positive economic data from China. The Aussie was unable to maintain its rally versus the Japanese yen but kept rising against the greenback and the euro.

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.

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