China — News Archive

Rand Reaches This Year’s Record, Being Top Performer

The South African rand climbed today, rising to the highest level this year, on speculations that the current ruling political party will remain in power, while positive economic news from China increased attractiveness of riskier currencies in general. The rand is the best performer against currencies of emerging economies.

Yen Profits from Its Role as Safe Investment

The Japanese yen climbed today as poor macroeconomic data from China and escalating tensions in Ukraine put the Forex market in the risk-off mode, which supported the currency in its role of a safe haven.

Aussie Ends Amazing Week & Month

The Australian dollar demonstrated an amazing performance this week, rising against other most-traded currencies. The Aussie currency together with the New Zealand dollar were the best-performing currencies among majors this month.

Loonie Clings to Gains Along With Other Commodity Currencies

Commodity currencies are still clinging to gains, even after a bit of a pull back following yesterday’s commodity-fueled run. Canadian dollar is one of those that remains mostly higher against its major counterparts, logging gains against the US dollar.

Japanese Yen Lower as Risk Appetite Appears

There’s a bit of risk appetite in the markets, and the Japanese yen is lower as a result. even though some worries about China and Ukraine initially caused a bit of aversion, things have changed and the yen is moving lower — even against the euro.

PBoC Raises Reference Rate, Yuan Advances

The Chinese yuan rose today as the nation’s central bank boosted the reference rate for the currency. The yuan was previously falling after the central bank had widened the trading range for the currency.

Aussie Resilient in Face of Poor Chinese Manufacturing PMI

The Australian dollar slipped at the start of the current trading session but rebounded and trades above the opening level as of now. The decline was caused by the worse than expected China’s manufacturing data released over the weekend.

Yuan Drops as PBoC Widens Trading Band

The Chinese yuan slipped today after the nation’s central bank allowed greater exchange rate flexibility, widening the trading band for the currency. The drop may help to bolster the weakening Chinese economy, increasing profits from overseas trade.

Japanese Yen Heads Lower Today

Japanese yen is lower right now, dropping against its major counterparts as news from the weekend is processed. Even though risk aversion is the general rule for now, the yen is heading lower.

Canadian Dollar Faces Difficulties Ahead of Crimea Referendum

Markets in general are struggling today, thanks largely to concerns over the referendum vote in Crimea on Sunday. Additionally, it’s not helping that there are worries about Chinese growth and other issues weighing on risk appetite today. Plus, there are questions about an independent Quebec to consider.

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