Imports — News Archive

    Archives

Chinese Yuan Dips As Exports Fall Short of Estimates

The Chinese yuan is trading slightly lower against multiple currencies to kick off the trading week. The yuan’s performance on Monday was driven by the latest disappointing trade numbers that suggest Beijing is still reeling from the US-China trade dispute. This might explain why, according to Chinese government officials, the world’s second-largest economy wants to settle phase one of a deal.

Mexican Peso Weakens As USMCA Remains Incomplete

The Mexican peso is weakening against its major currency rivals at the end of the trading week, driven primarily by the delay in completing the new North American Free Trade Agreement, which is also known as the USMCA. But the peso’s declines were capped by strong retail sales data for September.

US Dollar Struggles for Direction on Mixed Data, US-China Trade Worries

The US dollar is struggling for direction midweek after a wide range of economic data was mixed. The greenback is also seesawing against a myriad of other currencies on uncertainty over phase one of a US-China trade agreement. The buck is looking to extend its gains to close out the year after climbing more than 2% so far in 2019.

Swiss Franc Weakens As Trade Surplus Narrows

The Swiss franc is weakening against multiple currency rivals on Tuesday as the trade surplus narrowed in October. The currency also took a hit based on a gloomy outlook for the nation’s ailing manufacturing sector. With the central bank reiterating its support for currency intervention, the franc’s haven appeal may diminish in the coming months.

Chinese Yuan Exits 7 Territory on Trade Deal Hopes, Positive Data

The Chinese yuan has climbed above the key 7 threshold against its US peer for the first time in three months, driven by hopes that the US and China are on the cusp of agreeing to the first phase of a comprehensive trade deal. Improving trade data and a better-than-expected purchasing managers’ index (PMI) are also giving the yuan a boost.

Canadian Dollar Falls on Disappointing Exports, Lower PMI

The Canadian dollar is falling against multiple major currency rivals midweek, caused by disappointing trade numbers and a lower purchasing managers’ index (PMI) reading. The loonie, which has been one of the best-performing currencies in international markets, continues to lose its momentum as the year winds down.

Chinese Yuan Rallies on Trade Hopes, Factory Activity

The Chinese yuan is rallying on Tuesday as the world’s two largest economies appear closer to signing the first phase of their comprehensive trade agreement. The currency was further strengthened on positive factory activity data amid the ongoing global trade hiccups. Could the yuan climb above the seven threshold as Beijing attempts to reverse the economy’s downward trend?

Japanese Yen Weakens As September Exports, Imports Shrink

The Japanese yen started off the trading week lower against multiple currency rivals, driven by the latest economic data that disappointed investors and heightened fears of a recession hitting the world’s third-largest economy. But Japan is just one of many countries experiencing the fallout of the US-China trade saga that has crippled global financial markets.

Chinese Yuan Struggles as US-China Trade Optimism Fades

The Chinese yuan is struggling against its major currency competitors on Tuesday as optimism over the first phase in the US-China trade deal diminishes. After initial celebration in financial markets, investors now have some consternation until a formal and written agreement is signed. The yuan was greater impacted by disappointing economic data.

Japanese Yen Mixed on Trade, Inflation As Business Leaders Pessimistic

The Japanese yen is finishing the trading week mixed against several major currencies as trade and inflation data were in focus among investors. With new polls suggesting that the nation’s business leaders are bearish on the world’s third-largest economies, it is anyone’s guess as to whether Japan enters a recession or not. But the numbers are not pleasing to investors.

Navigation

Menu