The Chinese yuan gained against the U.S. dollar while the greenback traded slightly lower on Monday in Asia, as the prospects of a Sino-U.S. trade deal improved investors’ appetite for riskier assets. U.S.-China trade talks will continue in Washington this week after the two sides wrapped up the last discussions Read more
The yuan fell against the U.S. dollar on Friday in Asia after data showed China’s January Consumer Price Index and Producer Price Index both missed expectations. The country’s CPI rose 1.7% in January from a year earlier, slower than the 1.9% increase in December and below market expectations for a 1.9% rise. Meanwhile, the Read more
The Chinese yuan was little changed on Thursday in Asia even after custom data showed a better-than-expected trade numbers in January, as analysts warned the presence of business distortions due to national holidays and cyclical trends. The USD/CNY pair last traded at 6.7615 by 12:01 AM ET (05:01 GMT), up 0.04%. January exports unexpectedly Read more
The NZD/USD pair advanced on Wednesday in Asia after a Reserve Bank of New Zealand (RBNZ) decision earlier in the day. The central bank kept the interest rates unchanged at 1.75% but refrained from offering any fresh dovish signals either for future monetary policy changes or headline economic indicators. RBNZ Governor Adrian Read more
The yuan traded slightly higher on Tuesday in Asia as U.S. President Donald Trump’s positive comments on trade supported the Chinese currency. On Monday, Trump said in Texas that his administration is seeking “great deals on trade” and does not want China to have a hard time. Comments by White Read more
The U.S. dollar edged up against most other currencies on Monday in Asia as traders await further news on China trade talks. The U.S. dollar index that tracks the greenback against a basket of other currencies last traded at 11:16 PM ET (04:16 GMT), up 0.1%. The index, widely considered a safe-haven Read more
The Australian dollar fell against the U.S. dollar on Friday in Asia after the Reserve Bank of Australia (RBA) slashed its GDP growth forecast for the year through June. In its quarterly statement on Monetary Policy today, the central bank cut the GDP growth forecast to 2.5% from the previous Read more
The Australian dollar remained near a two-week low on Thursday, as investors wagered that interest rates would most likely be cut this year due to mounting growth risks at home and abroad. Australia’s central bank on Wednesday opened the door to a possible rate cut as it acknowledged growing economic Read more
The dollar held steady against its peers on Wednesday, showing little reaction to U.S. President Donald Trump’s State of the Union address which touched upon trade and budget issues but provided investors with few surprises. In an annual speech on Tuesday outlining his priorities for the coming year, President Trump Read more
The dollar held on to recent gains against its major peers on Tuesday, supported by a recovery in investors’ risk appetite, which gave an overnight boost to U.S. yields. The Australian dollar rose, reversing earlier losses, after the Reserve Bank of Australia (RBA) held rates at record lows at its Read more
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