Markit/Caixin — News Archive

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Australian Dollar Rises for Third Day After GDP Beats Expectations

The Australian dollar continued to rise, logging a third consecutive daily gain. This time, it is easier to explain the currency’s rally as it followed the better-than-expected GDP print released during the trading session. Economic data from China, Australia’s biggest trading partner, was atrocious, but it had a little impact on the movement of the Aussie.

NZ Dollar Little Changed After Mixed Employment Data

The New Zealand dollar was little changed today as local markets were closed for a holiday. The currency did not show a clear trend yesterday either after the release of mixed employment data in New Zealand.

Chinese Yuan Finishes 2019 Stronger, Still Records Annual Loss

The Chinese yuan is gaining on some of its major currency rivals to finish 2019, but the currency will still end the year lower. The yuan suffered some steep losses throughout the year, though it has rebounded in recent months because the trade dispute with the US is subsiding and slightly better economic data. The yuan’s performance in 2020 will be closely watched by observers as it might impact American negotiations […]

Australian Dollar Weak After GDP Miss

The Australian dollar was weak today due to uncertainty surrounding the US-China trade deal as well as the slower-than-expected economic growth in Australia. Losses were limited, though, thanks to the positive report from China, Australia’s biggest trading partner.

NZ Dollar Drops, Touching 4-Year Low vs. US Dollar

The New Zealand dollar dropped today, touching the lowest level in four years versus its US counterpart. The currency was dragged down by poor domestic macroeconomic data and the general risk-off sentiment on the Forex market. A positive report about China’s manufacturing sector limited the downside momentum, though.

Chinese Yuan Gets Boost from Accelerating Services Sector

The Chinese yuan gained on the US dollar today after China’s services sector showed an accelerating rate of growth last month.

Chinese Yuan Gains vs. US Dollar on Surprisingly Good Manufacturing PMI, Loses Gains Later

The Chinese yuan rallied against the US dollar intraday but erased its gains by now. The initial rally was a result of a surprisingly good report about China’s manufacturing from Markit Economics, though government data released over the weekend was nowhere near as good. In fact, USD/CNY rallied just recently.

AUD/USD Declines for Twelfth Session on Range of Factors

The Australian dollar declined today, falling for the twelfth consecutive session against its US counterpart. There were plenty of reasons for the decline: unfavorable domestic macroeconomic data, poor economic reports in China, escalation of US-China trade tensions.

Australian Dollar Suffers from Risk Aversion

The Australian dollar tumbled today. While macroeconomic data, both domestic and from China, was not particularly bad, risk aversion on the Forex market hurt the Australian currency.

Chinese Yuan Gains on Deregulation to Boost Foreign Investment

The Chinese yuan is strengthening against several major currencies on Thursday as the federal government announced it would be deregulating a whole host of industries to encourage foreign investment. This is part of Beijing’s efforts to open its market to the rest of the world and curb the growing number of companies fleeing the world’s second-largest economy amid the trade war.

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