The New Zealand dollar gained today on hopes that the Federal Reserve will confirm that quantitative easing stays in place. The currency maintained gains even as China’s manufacturing growth slowed.

The Chinese yuan advanced today, trading near the record level, as the People Bank of China increased its reference rate and demand for the currency among traders increased.

US dollar is trading mixed today, and is mostly rangebound, as Forex traders await developments. There is plenty to consider right now, between speculation of an ECB cut and interest in continued earnings reports.

The Canadian dollar retreated today following yesterday’s gains as poor macroeconomic data from the United States and China drove commodity prices lower. The rally on the previous trading session was caused by good domestic fundamentals.

Slowing economic data out of China is weighing on high beta currencies, and helping support the Japanese yen against its European counterparts. Even with weakness expected moving forward, the yen is showing resilience right now.

The New Zealand dollar dropped today as slowing growth of China’s manufacturing sector led to worries about global economic growth and hurt prospects for New Zealand exports.

The US dollar gained this week as concerns about global economic growth resulted in a huge sell-off of riskier assets and the greenback retained its strength for the most of the week even as the market sentiment improved.

The New Zealand dollar gained today even as macroeconomic reports suggested that economic growth in China is slowing, worsening prospects for New Zealand exports.

The Chinese yuan posted the biggest gain in four months and reached the record high today as the central bank raised the daily fixing and policy makers suggested that the currency will be allowed to trade in broader range.

New Zealand dollar is getting a boost today, heading a little bit higher after yesterday’s drop. Kiwi is seeing some support, but more weakness could be ahead.