China — News Archive

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.

Loonie Down as Commodities Struggle

Canadian dollar is lower today, struggling along with many commodities. One of the big drivers of difficulty today is the fact that there are concerns about growth in China, and commodities are heading lower. As a commodity currency, this development weighs on the loonie.

Yen Stays in Favor as China & Ukraine Feed Fears

The Forex market is still favoring safe currencies, helping the yen to keep yesterday’s gains today. The state of China’s economy and the situation in Ukraine did not improve the traders’ sentiment and this makes sure that the Japanese currency stays in favor.

Aussie Opens Lower on China’s Trade Data

The Australian dollar opened sharply lower today compared to the Friday’s close as China’s trade data, which was released over the weekend, showed an unexpected trade deficit, reinvigorating fears about slowdown of China’s economic growth. As of now, the currency trades flat against the US dollar and bounced versus the Japanese yen.

Chinese Default Makes Chilean Peso Worst Performer on FX Market

The Chilean peso sank yesterday, being the worst performer on the Forex market, as copper prices slumped after the news about a company default in China. It spurred fears and drove investors away from raw materials and commodity-related currencies.

Canadian Dollar Gets Boost as World Calms Down

Loonie is getting a boost today, thanks in large part to the fact that the world appears to be calming down and risk appetite is returning. Thanks to expected improvements to the Canadian economy, and to an improving situation around the world, the Canadian dollar is heading mostly higher today.

Yuan Falls Against the Dollar by the Most in 20 Years

The Chinese yuan is sliding again, continuing the two-week drop against the US dollar. It appears that Chinese officials are intervening, bringing the yuan’s value down after letting gain slowly but steadily against the greenback for years.

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