|Day's Range||6.793 - 6.793|
|52 Week Range||6.2342 - 6.9761|
The Chinese economy is slowing down to multi-year lows. GDP growth was 6.4% y/y in 4Q18 was the lowest in 28 years. However, monthly indicators hold out a hope of a change in trend.
Investing.com - The Chinese yuan fell on Monday in Asia after data showed China’s GDP slowed in the fourth quarter.
Investing.com - China’s economic growth cooled slightly in the fourth quarter of 2018, added to concerns of further cooling in the country and left 2018 growth the weakest in 28 years.
Last year was painful for emerging market currencies, but it looks like 2019 might not be much better.
Investing.com - The U.S. dollar was little changed on Friday in Asia after trading slightly higher earlier in the day amid optimism of progress in Sino-U.S. trade talks.
Investing.com - The British pound was little changed on Thursday in Asia after U.K. Prime Minister Theresa May's government survived a vote of no-confidence.
Investing.com - The British pound traded flat on Wednesday in Asia after U.K. Prime Minister Theresa May’s Brexit plan was voted down by a hefty margin.
Investing.com - The British pound was in focus and traded slightly higher against the U.S. dollar on Tuesday in Asia ahead of a vote on U.K. Prime Minister Theresa May’s Brexit deal.
It’s been a particularly choppy start to the year for the U.S equity markets. The Dow fell to 2019 low 22,686.22 before bouncing back to hit 24,000 levels on Thursday. A number of drivers have dictated direction at the turn of the year.
Investing.com - The U.S. dollar was little changed, while the Chinese yuan slipped after data showed the country’s exports shrank the most in 2 years in December.
Investing.com - The Australian dollar climbed on Friday in Asia after data of the country’s retail sales for November came in better than expected.
The U.S. dollar found some respite from recent selling on Thursday after dropping to a three-month low on the day prior as investors are focusing on an economic calendar filled to the brim with Federal Reserve speakers and data points.
The U.S. dollar remains the world’s reserve currency—for now. However, a number of central banks lately are contemplating a world in which the almighty buck isn’t the pre-eminent global medium of exchange.
During the Wednesday trading session, the US markets positions were actively restoring, what not to say about the national currency due to news around the Fed.
Investing.com - The U.S. dollar slipped on Thursday in Asia after the Federal Reserve indicated in the minutes of its December meeting that it was willing to hold off on rate hikes amid concerns about global growth and subdued inflation.
Investing.com - China’s producer price index and the consumer price index both grew less than expected in December, official data showed on Thursday in Asia.
Investing.com - The Chinese yuan and the Australian dollar gained on Wednesday in Asia following reports that Beijing and Washington may be making progress in resolving their trade dispute.
US futures indicated a flat open on Monday as traders wait for word on trade. China’s equity markets were the least bullish in Monday trading, rising about 0.75% in Shanghai and Hong Kong. Traders are expecting some positive developments although nothing substantive is likely to develop at this time.
The week began with weak manufacturing data from China and ended with a major reversal in tone from the leader of the U.S. Federal Reserve.
China's central bank on Friday cut the ratio of cash that banks must hold as reserves by 100 basis points, or 1%, Reuters and other news outlets reported. The move by the People's Bank of China, the first of the new year, is seen as a means to help reduce the risk of a sharper slowdown in the world's second-largest economy, where recent data has been softening. The reserve requirement ratios are currently 14.5% for large banks and 12.5% for smaller banks. The size of the move was in the upper end of market expectations, Reuters said. The cut in banks' reserve requirement ratios is the fifth such move over the past year as the economy also faces mounting pressure from U.S. tariffs. Separate reports out Friday noted revived trade talks were set to resume on Monday.
Investing.com - The Japanese yen fell against the U.S. dollar while the Chinese yuan gained on Friday in Asia on hopes that the upcoming U.S.-China trade talks would make some progress.
Investing.com - The Japanese yen jumped on Thursday in Asia after Apple Inc. issued a rare revenue warning that triggered a risk-aversion mood in markets.
The dollar rises versus most rivals as weak China data and continued pressure on global stock markets sparks demand for havens. The dollar hangs on to gains as U.S. equities recover from early weakness.