China — News Archive

Weak Chinese Data Hits the Euro

Euro would have been weakening anyway, thanks to recent efforts from the ECB, but weak Chinese data is weighing on risk appetite, and the euro is down across the board.

Aussie Opens Sharply Lower After China’s Data

The Australian dollar opened sharply lower today due to worse-than-expected economic data from China released over the weekend. While the currency bounced from daily lows, it is still far below the Friday’s closing rate.

Yuan Rises as PBoC Raises Fixing by Most Since 2010

The Chinese yuan gained today as the nation’s central bank raised its daily reference rate by the most in almost four years after yesterday’s positive trade data.

Aussie Loses Ground Despite Support from Fundamentals

The Australian dollar slumped against its US counterpart and weakened against the euro even as both domestic and overseas economic news were positive for the currency, which was demonstrating remarkable strength last week.

NZ Dollar Gains on Fonterra Dairy Price Forecast

The New Zealand dollar climbed today after Fonterra Cooperative Group Ltd., the world’s biggest dairy exporter, maintained its milk-price forecast on expectations that China will increase imports.

Aussie Recovers After Big Drop

The Australian dollar dipped today after manufacturing data from China disappointed traders. Yet for whatever reason the currency was able to erase the big drop and trades near the opening level right now.

Outlook for China’s Manufacturing Boosts Yuan

The Chinese yuan advanced today, reaching the highest level in five months, on forecasts of manufacturing growth in the second biggest economy in the world.

Yuan Falls vs. Dollar Even as Chinese Manufacturing Accelerates

The Chinese yuan fell against the US dollar today even though both official and private estimates of nation’s manufacturing were rather good, showing than the sector was expanding with accelerating pace last month.

Yuan Rises as Manufacturing Growth Beats Expectations

The Chinese yuan advanced today after the gauge of the nation’s manufacturing sector demonstrated an increase this month which was above economists’ projections.

Risk-Negative Sentiment Results in Softness of Aussie

The Australian dollar started the week falling due to concerns about economic slowdown in China as well as because of the general risk-aversion sentiment on the Forex market, which persisted since the last week.



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