Forex – Aussie rebounds as tame China consumer prices support

The Australian dollar rebounded in Asia on Tuesday as retail sales at home weighed on the outlook though tame consumer prices offset concerns about a spike in producer prices. In China, consumer prices for December rose 0.2% month-on-month, compared to a 0.3% gain seen and at an annual pace of 2.1% compared to 2.3% expected. Producer prices jumped 5.5% in December year-on-year at the fastest pace in five years, compared to a 4.5% gain seen. As well, China's planning commission said economic growth in 2016 was expected to be around 6.7 percent, within a target of 6.5-7 percent.
Read more

Forex – Aussie weaker as China producer prices surprise on upside

The Australian dollar fell in Asia on Tuesday as retail sales at home and China producer prices weighed on the outlook. In China, consumer prices for December rose 0.2% month-on-month, compared to a 0.3% gain seen and at an annual pace of 2.1% compared to 2.3% expected. Producer prices jumped 5.5% in December year-on-year at the fastest pace in five years, compared to a 4.5% gain seen.
Read more

The yuan is under pressure again

The offshore yuan is under pressure again. China's currency is down by 0.4% at 6.8762 per dollar as of 7:56 a.m. ET after earlier slipping by about 0.5% to 6.8844 per dollar. This follows Friday's drop of 0.9%, which was the biggest in about a year. Meanwhile, the onshore yuan is weaker by about 0.3% at 6.9390 per dollar. "Last week’s RMB short squeeze coming on the back of sharply higher RMB-denominated short-term funding costs bear goods news.
Read more

Forex – Canadian dollar dips on lower oil prices

The Canadian dollar edged lower against its U.S. counterpart on Monday, pressured lower by falling prices for oil, a major Canadian export. USD/CAD edged up to 1.3247 and the pair’s strongest level of the session was 1.3277, while its weakest was 1.3226. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 102.23.
Read more

USDCHF – Is This Real Break In Dollar To Swiss Franc

The US Dollar recently managed to trade higher and broke the 1.0155 resistance area.The USDCHF pair also managed to break a bearish trend line at 1.0155 on the hourly chart to open the doors for more gains. Today, the Swiss Retail Sales report was released by the Swiss Federal Statistical Office. The result was better, as there was a rise of 0.9% in sales in Nov 2016, compared with the forecast of 0.4%.
Read more
1 2 3 4 5 8