China — News Archive

Aussie Sinks to Lowest Since 2009

The Australian dollar sank today, reaching the weakest rate since May 2009 against its US counterpart. The drop followed disappointing Australian retail sales and bad news from China — Australia’s biggest trading partner.

Euro Ends Week with Losses, Next Week Promises Volatility

The past trading week was dominated by the debt problems of Greece and attempts to find a solution that would be acceptable both for the indebted country and for its creditors. Yet no agreement has been reached, and with the June 30 deadline looming close, traders preferred to get rid of the euro, leading to a weekly drop of the currency.

Australian Dollar Avoids Impact of Negative Domestic Data

The Australian dollar held steady against its US counterpart and managed to gain on the Japanese yen today even though economic data from Australia was not particularly supportive to the currency.

Euro Higher But Struggling on Greek Drama

Euro is mostly higher today, but it is also struggling a little bit. The difficulties with Greece are once again influencing the 19-nation currency, and gains have been hard-won and uncertain today.

Australian Dollar Falls as China’s Data Disappoints

The Australian dollar fell today due to the negative macroeconomic data from China. Economic indicators from Australia itself were moderately positive but did not support the nation’s currency.

Australia Bounces After Poor Start of Trading

The Australian dollar has started the Monday’s session poorly due to the news from China released during Asian trading hours. Yet as of now, the currency managed to bounce against the US dollar and the Japanese yen, though retained its losses versus the euro.

US Dollar Lower on Profit Taking; Dollar Index Still Higher

US dollar is falling in some of its currency pairs today as profit taking after the surge at the end of the week sets in. Dollar index is still managing to remain higher, however.

Aussie Pulls Back After Earlier Gains

Australian dollar is paring some of its earlier gains right now, which should be a relief to the Reserve Bank of Australia, which has been trying to encourage a weaker Aussie for the sake of economic stimulus.

Yuan Little Changed After Surprise Interest Rate Cut

The Chinese yuan was little changed today after China’s central bank made a surprise interest rate cut. It was the third such move in the past six months, suggesting that Chinese policy makers are serious about rejuvenating the country’s economic growth.

Aussie Struggles After Rate Cut, Employment Data

After moving above the US80¢ earlier, the Australian dollar is struggling. Thanks to disappointing employment data and a rate cut earlier this week, the Aussie is feeling a little weak against some of its counterparts.

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