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Chinese Yuan a Bit Stronger During Friday’s Trading

The Chinese yuan strengthened against the US dollar today as China’s central bank allowed the currency to appreciate, though gains were rather limited.

Aussie Down Intraday, Attempts to Recover

The Australian dollar dipped intraday due to disappointing manufacturing data from China but has managed to recover as of now, at least against the US dollar and the Japanese yen.

US Dollar Index Heads Lower on Fed Speculation

US dollar is struggling today, with the dollar index down as Forex traders wonder if the Federal Reserve will dial back its plans for interest rate hikes. With the global economy showing volatility, and concerns about what’s next weighing, there is some speculation that the Fed will be reluctant to keep raising rates.

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.

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