China — News Archive

The Chinese yuan gained today after macroeconomic indicators released in China during the current trading session showed stabilization, halting slowdown of growth. That made the currency more attractive to investors.

The Chinese yuan slipped against the US dollar today (though it has trimmed the losses by now) after Moody’s Investor Service made a surprise cut of China’s credit rating for the first time in almost three decades.

Fundamentals were largely adverse to the Australian dollar, but that did not prevent the Aussie from rallying today. Analysts explained such behavior by the rise of crude oil prices that bolstered currencies linked to commodities, the Aussie being one of such currencies.

The Australian dollar was mixed today after the release of economic indicators from Australia and China.

The Australian dollar slid against its major rivals today as economic data from Australia and China was less than stellar. Comments from central bank’s chief Philip Lowe were not helping the matter as he was explaining dangers of high household debts to the economy.

The Australian dollar rallied on Tuesday after the monetary policy meeting of the Reserve Bank of Australia. As of now, the currency has come off the day’s highs, possibly being under pressure from poor economic data from China.

The Australian dollar rallied today even as economic data from China, Australia’s biggest trading partner, was lackluster. The Aussie joined other Asian currencies in a rally after the United States avoided government shutdown.

The Australian dollar fell after the release of economic reports from Australia and China, but the losses were rather limited despite the nervous sentiment among investors due to rising geopolitical risks.

The Australian dollar gained today even though news from China, Australia’s biggest trading partner, was not supportive. Perhaps, the currency gained support from positive domestic fundamentals.

The Australian dollar rallied against other currencies during the current trading session with the help of good macroeconomic reports from Australia and its biggest trading partner, China. The exception was the US dollar, against which the Aussie rallied initially but retreated to trade close to the opening level later.