AUD/USD Steps Back From Multi-Month High After China Downbeat PMI Data
Thursday, 31 October 2019 08:30 WIB | CURRENCIES |AUD/USD,Dollar Australia,Aussie

With the weaker than anticipated statistics from the largest customer, AUD/USD steps back from the highest since late-July while declining to 0.6910 during early Thursday.

China™s NBS Manufacturing Purchasing Managers Index (PMI) slipped below 49.8 consensus and prior to 49.3, extending a move under the contraction territory, whereas Non-Manufacturing PMI weakened more than 53.9 forecasts to 52.8 in October.

Surprise rally in the September month Building Permits data from Australia, to 7.62% MoM from 0.5% forecast, as well as upbeat prints of Import Price Index and Export Price Index recently pleased the Aussie buyers to print fresh high since late-July.

Market™s risk sentiment has been confined off-late as investors await confirmation of how the US-China trade talks will progress considering the cancellation of next month™s Asia-Pacific Economic Cooperation (APEC) meeting in Chile. However, Reuters™ report that the United States (US) plans to allow China, Russia, and European countries to renew sanction waivers concerning Iran is likely to play positive for the trading sentiment. Elsewhere, the recent polls for the likely upcoming December election in the United Kingdom (UK) show that the Tory leader Boris Johnson is gaining ground, which in turn could help recede Brexit uncertainty.

Even so, the US 10-year Treasury yields stay under pressure while taking rounds to 1.78%, following a mildly positive closing by Wall Street.

Investors will now keep an eye over trade/Brexit headlines while also following data/events from the economic calendar for fresh impulse. Among the first, monetary policy meeting by the Bank of Japan (BOJ) could be on the traders™ radar.

Source : FX Street

RELATED NEWS

U.S. Dollar, Yuan Near Flat Despite Coronavirus Worries
Wednesday, 22 January 2020 13:29 WIB

The U.S. dollar and the Chinese yuan were little changed on Wednesday in Asia despite concerns surrounding the coronavirus outbreak in Wuhan. The U.S. dollar index inched up 0.08% to 97.390 by 1:15 AM ET (05:15 GMT). As of Wednesday morning, Chinese authorities confirmed that at least nine people,...

Yen supported, yuan frail on coronavirus concerns
Wednesday, 22 January 2020 08:32 WIB

The yen was supported while the yuan was on the back foot on Wednesday as investors tried to assess the risk of the outbreak of a new coronavirus in China disrupting the country™s economy and trade partners. The virus, which causes a type of pneumonia, has spread to cities including Beijing and S...

Pound Near Day's Highs as Strong UK Jobs Data Trims Rate Cut Bets
Tuesday, 21 January 2020 23:21 WIB

The pound held near the day's highs on Tuesday after the British economy created jobs at its strongest rate in nearly a year in the three months to November, potentially undermining the case for a Bank of England interest rate cut next week. Expectations of a rate cut have been steadily building in...

Yen in Demand; Virus Sparks Risk Aversion
Tuesday, 21 January 2020 16:09 WIB

The Japanese yen is in demand Tuesday as a safe haven currency with the outbreak of the pneumonia-like virus in China sparking a bout of risk aversion. At 03:30 ET (08:30 GMT), the yen climbed 0.2% against the dollar, with USD/JPY trading at 109.97. The Chinese yuan was hit, dropping 0.6% against t...

Yen rises, yuan slumps as stocks fall on China virus
Tuesday, 21 January 2020 13:16 WIB

The yen pulled ahead and the yuan fell against the dollar on Tuesday as the spread of a pneumonia-like virus in China sparked a sudden bout of risk aversion and sent Asian stocks skidding. The yuan slipped against the U.S. currency in onshore and offshore trade after a Chinese health expert said th...

ANOTHER NEWS
Tokyo shares end higher on bargain hunting
Wednesday, 22 January 2020 13:35 WIB Tokyo stocks reversed earlier losses and ended higher Wednesday thanks to bargain hunting, with relative calm despite growing concerns about the spread of a new SARS -like virus. The benchmark Nikkei 225 index added 0.70 percent or 166.79 points...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.