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Yuan Stable Despite Another Crash of Chinese Stocks

For some time now, Chinese authorities were trying to stabilize the yuan that has been under heavy selling recently. By the looks of it, they had some success as the currency was relatively stable today despite yet another crash of the nation’s stock market.

Draghi Statement Sends Euro Lower Against Majors

It’s been an interesting week in the financial markets, and now the ECB is adding its bit. The latest statement from Mario Draghi is sending the euro lower against its major counterparts as Forex traders get ready for more easing.

Yuan Lower vs. Dollar as Fears Return to Forex Market

The Chinese yuan fell against the US dollar today as China’s stock markets resumed their decline, reigniting fears about economic slowdown in the world’s second biggest economy that can hurt the global economy as well.

New Zealand Dollar Higher Ahead of Tuesday’s Economic Releases

The New Zealand dollar was higher today, after opening sharply lower on Monday, as traders were waiting for economic data from China due to release overnight. Additionally, there are a couple of reports scheduled for release from New Zealand by the end of Tuesday’s session.

Dollar Index Moves Above 99.00

US dollar index is moving higher today, even as the greenback itself trades mixed. There is reason to suppose that the dollar will retain support, thanks to global economic uncertainty.

Euro Mostly Lower on Bank Concerns

Euro is mostly lower today, thanks in part to concerns about various banks and the possibility of more stimulus. All eyes are on the ECB to see what the next move might be.

US Dollar Continues to Gain Ground as Uncertainty Remains

US dollar is heading higher today against many of its major counterparts, thanks in large part to some of the uncertainty still in the markets. With the concerns about China, the United States remains the economic safe haven.

European Bond Yields Remain in Check

Bond yields in the eurozone are still in check, thanks in large part to better news out of China and better stock performance. The euro is heading a little lower, and there are expectations for the 19-nation currency to struggle the rest of the year.

Australian Dollar Firms with Market Sentiment

Today, the Australian dollar rose together with other currencies linked to growth and commodities as positive trade data from China helped to alleviate risk aversion on markets.

Aussie Heads Higher on Yuan, But Gains Likely Short-Lived

The Australian dollar is higher today, thanks in part to the recent decision to strengthen the yuan. However, the gains are likely to be short-lived, as the Australian economy relies heavily on China.

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