National Bureau of Statistics of China — News Archive

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Chinese Yuan Tries to Find Direction on Slowing GDP, Strong Data

The Chinese yuan is struggling to find direction to kick off the trading week after economic growth slowed to its lowest level in nearly three decades. But it was not all bad news for the world’s second-largest economy as an influx of data came in better than expected, giving the yuan some support.

Aussie Firm Despite Domestic & China’s Data

The Australian dollar was firm today despite poor macroeconomic data, both domestic and in China, Australia’s biggest trading partner. The possible reason for the rally was profit-taking after yesterday’s huge slump. The currency fell against some rivals intraday but has erased losses against all of them by now.

Aussie Weakens on Poor China’s Data, Market Sentiment

The Australian dollar was soft today as the market sentiment remained negative following yesterday’s news about an attack on oil tankers in Middle East. Mixed macroeconomic data in China, Australia’s biggest trading partner, added to downside pressure on the currency. While some of the indicators were good, the arguably more important ones were surprisingly bad, suggesting that the Chinese economy struggles to maintain its impressive growth.

Chinese Yuan Suffers from Poor Data, Sino-US Trade Quarrel

The Chinese yuan declined against the US dollar today after almost all Chinese macroeconomic indicators released today missed expectations. The developments in the US-China trade negotiations were not good for the currency as well.

Australian Dollar Mixed After Positive China’s GDP

The Australian dollar was mixed on Wednesday. The currency was flat against such rivals as the US dollar and the Japanese yen after swinging back and forth between gains and losses, fell versus the euro, but gained on the Swiss franc.

NZ Dollar Defies Negative Fundamentals, Bouncing After Decline

The New Zealand dollar rallied today after falling earlier. Surprisingly, the rally started after the release of disappointing macroeconomic reports in China — New Zealand’s biggest trading partner. Domestic macroeconomic data, which was not that great as well, had smaller impact on the currency. Yet it was also puzzling, driving the kiwi slightly higher, not lower.

Chinese Yuan Rises on Services PMI, Capped by Manufacturing Contraction

The Chinese yuan is making significant gains against its major currency rivals towards the end of the trading week. The yuan is rising on the latest services economic data, but the currency’s rally was capped by concerning manufacturing news.

Australian Dollar Posts Small Losses After China’s Growth Slows

The Australian dollar demonstrated small losses during the current trading session after economic data showed slowing growth in China, Australia’s biggest trading partner. Trading was quieter than usual today as US markets are closed for a holiday.

Chinese Yuan Flat on Final Day of 2018

The Chinese yuan is closing 2018 flat against its American counterpart as investors brace for a new year. Experts contend that the yuan should have a better 2019, but only if the world’s two largest economies find a balance on trade. For now, the economic data is grim and pessimism reigns supreme.

Australian Dollar Trades Lower After China’s Data Misses Expectations

The Australian dollar declined today after China released a bunch of macroeconomic indicators, some of which missed expectations. China is Australia’s biggest trading partner, making its economic well-being very important for the Australian economy and currency.

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