China — News Archive


Australian Dollar Holds Ground After China’s Data, Ahead of RBA Meeting

The Australian dollar was stable against some of its rivals and rose versus the major European currencies today, getting some boost from positive macroeconomic reports released in Australia’s main trading partner, China, over the weekend.

Australian Dollar Steady Following China’s Rating Downgrade by S&P

The Australian dollar gained on its US counterpart today. The currency slid against other rivals intraday but is has bounced by now. Yesterday, the Aussie dropped more than 1% following China’s credit rating downgrade by Standard & Poor’s.

New Zealand Dollar Stable, Ignores China’s Lackluster Data

The New Zealand dollar was stable today even as China’s macroeconomic data was disappointing, dragging Asian stocks down. China is the biggest trading partner of New Zealand, therefore economic performance of the Asian nation often strongly affects the South Pacific currency.

Aussie Gains on Greenback, Falls vs. Other Rivals

The Australian dollar gained versus its US counterpart, touching the highest level since May 2015, on the back of the US dollar’s weakness. The Aussie gained on the euro as well, but lost its gains versus the Japanese yen.

Private Data Confirms Growth of China’s Manufacturing, Yuan Gains

Today’s private report confirmed yesterday’s official data that showed an improvement of China’s manufacturing sector. That allowed the Chinese yuan to appreciate even as China’s central bank set the daily fixing weaker.

Chinese Yuan Slips, Heads for Best Month Since 2005

The Chinese yuan slipped against the US dollar today after mixed macroeconomic data. Yet the currency was still on track for the best month in more than a decade.

PBoC Sets Daily Fixing for Yuan Higher

The Chinese yuan rose against the US dollar today as China’s central bank allowed its currency to appreciate to the strongest level in more than a year.

Chinese Yuan Strengthens as Manufacturing Growth Accelerates

The Chinese yuan edged higher against the US dollar after a private report showed that expansions of the nation’s manufacturing sector accelerated last month.

Aussie Shows No Reaction to Good News from China

Macroeconomic indicators released in China today were very good, painting a positive picture of the nation’s economy. Considering that China is the biggest trading partner of Australia, it was reasonable to expect the Australian dollar to rally on the news. But that did not happen.

Chinese Yuan Stable During Friday’s Calm Trading

The Chinese yuan was flat versus the US dollar during the Friday’s calm trading session as traders were waiting for economic releases from the United States.