National Bureau of Statistics of China — News Archive

    Archives

Aussie Soft Despite Rebound in Chinese Industrial Production

The Australian dollar was soft today despite a rebound of industrial production in China — Australia’s biggest trading partner. Other indicators released in China today were not good, though. There were no economic releases in Australia today, and yesterday’s employment data was mixed.

Aussie Rebounds After Falling on Tensions Between China & Australia

The Australian dollar fell intraday but has rebounded by now. The drop was a result of growing political tensions between China and Australia as well as poor macroeconomic data in both Australia and China.

Australian Dollar Trades Higher After China’s CPI Beats Expectations

The Australian dollar rose today after China’s consumer inflation accelerated more than was expected by markets. The market sentiment was still cautious as the Wuhan coronavirus continued to spread across China.

NZ Dollar Unable to Keep Gains Caused by Chinese Economic Reports

The New Zealand dollar rallied intraday despite underwhelming domestic macroeconomic data. One of the possible reasons for the rally was macroeconomic data in China, which showed that the economic growth of the Asian nation stabilized in the last quarter of 2019. Currently, though, the New Zealand currency has lost its gains versus most rivals, except for European majors. The kiwi was trading about flat against the euro and the Great Britain pound.

Chinese Yuan Weakens Despite Slight Improvement in Data

The Chinese yuan is weakening to start the trading week, despite a slight improvement in economic data. The yuan, which has been battered against most currency rivals, has slipped way beyond the 7 threshold, leaving analysts wondering if this is the point of no return between the greenback and the yuan. The only way the market will find out is next month in Washington.

Chinese Yuan Surges Despite Data Falling Short of Expectations

The Chinese yuan is strengthening against major currency rivals to kick off the trading week, despite recent economic data falling short of expectations. Investors seem to be more bullish on US-China trade optimism, partially ignoring the latest industrial and retail sales numbers.

Chinese Yuan Mixed on Weaker Industrial Output, Surging Home Prices

The Chinese yuan is having a mixed trading session against multiple currencies, driven by varied economic data. The biggest story for China was its July industrial production being worse than what the market had expected, though it was somewhat offset by soaring housing prices in the world’s second-largest economy. The yuan may not be able to strengthen against a basket of currencies until the trade war is finally over.

NZ Dollar Retreats After Chinese Indicators Miss Expectations

The New Zealand dollar declined today following yesterday’s gains. While the positive news about the US-China trade conflict supported riskier commodity currencies yesterday, a big miss in some important Chinese macroeconomic indicators overshadowed the supportive fundamentals today.

Aussie Dragged Down by Fundamentals, Attempts to Recover

The Australian dollar fell today, dragged down by a range of fundamentals, including risk aversion and prospects for additional monetary easing. Macroeconomic data in China, Australia’s biggest trading partner, was mixed, giving no support to the Aussie. But the Australian currency was attempting to recover, and it even managed to gain on some of its rivals, including the US dollar.

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.

Navigation

Menu