The U.S. dollar remained unchanged, while the Aussie dollar slipped on Friday after data showed China\u2019s trade surplus with the U.S. hit a record high in September.<\/p>\n
The\u00a0<\/span>U.S. dollar index<\/a><\/span>\u00a0<\/span>that tracks the greenback against a basket of other currencies was unchanged at 94.69 by 12:45 AM ET (04:45 GMT).<\/p>\n The U.S. dollar traded near its lowest level in nearly two weeks against its major peers as falling U.S. treasury yields and further losses on Wall Street weighed on sentiment.<\/p>\n The\u00a0<\/span>S&P 500 Index<\/a><\/span>\u00a0<\/span>fell more than 2% for a second straight day and is now in its longest slide since 2016. The\u00a0<\/span>Dow Jones Industrial Average<\/a><\/span>\u00a0<\/span>dropped more than 500 points, and the\u00a0<\/span>NASDAQ Composite<\/a><\/span>\u00a0<\/span>closed down 1.3%.<\/p>\n Meanwhile, the\u00a0<\/span>AUD\/USD<\/a><\/span>\u00a0<\/span>pair slipped 0.06% at 0.7121 after data revealed China\u2019s\u00a0<\/span>trade surplus<\/a><\/span>\u00a0<\/span>rose to CNY 213.23 billion in September, compared with markets\u2019 estimates of CNY 136.2 billion.<\/p>\n While not a directional driver, the data also showed China’s unwrought copper imports rose to 521,000 tonnes in September. Meanwhile, iron ore imports increased 4.2% to a four-month high of 93.08 million tonnes in September. Rise in the Chinese imports of these commodities is good news for the Aussie dollar as they are Australia’s top exports.<\/p>\n The yuan traded slightly higher following the release of the data, as the\u00a0<\/span>USD\/CNY<\/a><\/span>\u00a0<\/span>pair gained 0.2% to 6.9031. The People’s Bank of China (PBOC) set the yuan reference rate at 6.9120 on Friday vs the previous day’s fix of 6.9098.<\/p>\n Elsewhere, the\u00a0<\/span>USD\/JPY<\/a><\/span>\u00a0<\/span>pair last traded at 112.35, up 0.2%.<\/p>\n The\u00a0<\/span>USD\/SGD<\/a><\/span>\u00a0<\/span>pair dipped 0.3% to 1.3753 after Singapore’s central bank tightened monetary policy for the second time this year on Friday.<\/p>\n","protected":false},"excerpt":{"rendered":" The U.S. dollar remained unchanged, while the Aussie dollar slipped on Friday after data showed China\u2019s trade surplus with the U.S. hit a record high in September. The\u00a0U.S. dollar index\u00a0that tracks the greenback against a basket of other currencies was unchanged at 94.69 by 12:45 AM ET (04:45 GMT). The Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[9,10,1],"tags":[],"class_list":["post-1015","post","type-post","status-publish","format-standard","hentry","category-homepage","category-latest-news","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/comments?post=1015"}],"version-history":[{"count":1,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1015\/revisions"}],"predecessor-version":[{"id":1016,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1015\/revisions\/1016"}],"wp:attachment":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/media?parent=1015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/categories?post=1015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/tags?post=1015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}