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Global Risk Trends: US Election, RBA to Define Aussie’s Next Move
After a series of attempts to flush out offers above 104 US cents last week, the Aussie dollar succumbed to largely negative risk trends on Friday, closing the week an overall 0.35 percent in the red. On balance, better-than-expected data both locally and abroad has kept the local buoyant in recent weeks, with a series of positive data points from China remaining a primary catalyst.
By Chris Gore | Nov 05 | GoMarkets
Australian Dollar Outlook - 10/03/2012
Bell FX Currency Outlook: The Australian Dollar remains under USD 1.0300 this morning following the Reserve Bank of Australia's surprise announcement to cut the official cash rate by 0.25% yesterday to 3.25%, a level not seen since March 2009 and only 0.25% above "emergency" levels set late 2008 during the GFC.
By Christine Gaylican | Oct 03 | IBTimes AU
USD, RMB US says, China’s debt holdings are not a threat
China's holds more than $1.3-T in US debt and the prospect that it might suddenly withdraw funds do not pose a national security threat, according to a new Pentagon assessment. "China has few attractive options for investing the bulk of its large foreign exchange holdings out of US Treasury securities," given their extent, according to the report.
By Paul A. Ebeling, Jnr. | Sep 12 | LiveTradingNews
Yuan slips against dollar as pact with Japan set to start
The value of the monetary unit of China dropped against the world's reserve currency on Tuesday
May 31, 2012 | iMoneywire
US Treasury gives China direct access to buy US Bonds
In June 2011 the US Treasury Department granted the Chinese government direct-bidder status to purchase US Treasuries direct from the US government. All other central banks must purchase US Treasuries through primary dealers on Wall Street, which then place bids on their behalf at Treasury auctions.
By Paul A. Ebeling, Jnr. | May 23, 2012 | LiveTradingNews
China Sets Record High Ceiling For Yuan
China's central bank expanded the yuan's reference rate against the dollar to another record high on Friday, in a nod to calls from the U.S. to loosen growth restrictions on the currency's value.
By Joseph Orovic | Apr 27, 2012 | IBTimes
RMB, BRICS and Currencies
BRICS banks to sign pacts to push forward local currency lending. China Development Bank (CDB) and its BRICS' counterparts will sign agreements Thursday to formalize co-operation in local currency lending, in a bid to further facilitate trade and investment among the 5 countries, said chairman of CDB Chen Yuan Wednesday.
By Paul A. Ebeling, Jnr. | Mar 29, 2012 | LiveTradingNews
China Reports A Fall In Foreign Direct Investment
Foreign direct investment (FDI) fell last month, the fourth straight fall, while investment from Europe had a sharp decline, according to the Chinese Ministry of Commerce.
Mar 17, 2012 | FXEmpire
US-EU-Japan file complaint against China with WTO
The US, the EU and Japan have lodged complaints with the World Trade Organization (WTO), stating that China is reducing its exports of rare earth minerals that are of extreme importance to the production of technology components.
Mar 16, 2012 | FXEmpire
China’s Foreign Exchange Shifts from US to EU
New information suggests China is moderating its desire for making investments in U.S. instruments, a trend that might mean lower flows of inexpensive capital from Beijing and a likely rise in borrowing costs across the U.S. economy.
Mar 03, 2012 | FXEmpire
Australian Stock Market Leads - 02/20/2012
Positive developments over the weekend are seen casting good leads for the Australian stock markets on Monday. China's decision to cut its reserve requirement ratio on Saturday, by 50 basis points, taking effect 24 February, will improve risk sentiments today and lift the bearish mood, analysts said.
By Christine Gaylican | Feb 20, 2012 | IBTimes AU
Australian Dollar Outlook - 02/20/2012
Bell FX Currency Outlook: The Australian dollar has risen this morning to the high 1.0700's after China's weekend move to yet again lower the reserve requirements it imposes on its banks.
By Christine Gaylican | Feb 20, 2012 | IBTimes AU
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