China — News Archive

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.

Yuan Holds Ground in Face of Poor Data

The Chinese yuan gained on the US dollar today even though macroeconomic reports from the Asian nation were not particularly good, feeding concerns about slowdown of the world’s second-biggest economy.

Vietnamese Dong Falls, Officials Believe Exchange Rate Will Be Stable

The Vietnamese dong fell today, but central bank officials are certain that the currency’s exchange rate should remain stable over the longer term. One of the reasons for such outlook is the limited Vietnam’s exposure to the Chinese banking sector.

Yuan Gains as Fears About Slowdown Abate

The Chinese yuan gained today as faster-than-expected inflation eased fears about economic slowdown in the Asian country. Today’s positive data followed the report about trade balance that was released over the weekend and was also better than forecasts.

Yuan Profits from Dollar’s Weakness as PBoC Boosts Daily Fixing

The Chinese yuan advanced today as the nation’s central bank boosted its reference rate after the US dollar demonstrated a big drop despite the earlier rally.

Aussie Drops as Domestic Data Outweighs China’s Report

The Australian dollar fell yesterday and remained soft today, even though the Aussie trimmed its losses against some currencies. The good manufacturing report from China was not able to help the Australian currency as domestic data was not particularly supportive.

Aussie Gains Ground on Business Investment Data

The Australian dollar is moving higher today, gaining almost across the board on the latest business investment data. The idea that, perhaps, the Australian economy doesn’t need to rely so heavily on China is helping boost sentiment toward the Aussie right now.

China’s Growth Loses Momentum, Yuan Slips

The Chinese yuan fell today, demonstrating the biggest drop since March, as the nation’s central bank set the daily fixing lowest since September due to concerns about slowing economic growth.

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