Aussie bounces back alongside the offshore yuan, time to fade?

AUD/USD daily chart The pair is now up 0.1% to 0.6430 and well off the earlier lows of 0.6365 today. It comes alongside a bounce in the Chinese yuan, after this particular headline here. The offshore yuan has strengthened from 7.34 to 7.30 against the dollar and that is helping with sentiment in the aussie.

Further Pain in Store for the Aussie Dollar?

AUDUSD PRICE, CHARTS AND ANALYSIS: Recommended by Zain Vawda Get Your Free AUD Forecast Most Read: The Reserve Bank of Australia: A Trader’s Guide AUD FUNDAMENTAL BACKDROP, CHINA CONCERNS GROW The Australian Dollar is attempting to snap a three-day losing streak against the Greenback. Reserve Bank of Australia (RBA) Governor Lowe provided the Aussie Dollar

Aussie Hit by China Trade Data

AUD/USD ANALYSIS & TALKING POINTS Concerns around Chinese economy increase leaving AUD under pressure. Fed speakers under the spotlight later today. Bears eye 0.6500. Recommended by Warren Venketas Get Your Free AUD Forecast AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP The Australian dollar has slid further this Tuesday morning as Chinese import and export numbers (refer to economic

Dollar gains ground; Aussie, yuan slip after weak China trade data By Reuters

© Reuters. FILE PHOTO: An employee of the Korea Exchange Bank counts one hundred U.S. dollar notes during a photo opportunity at the bank’s headquarters in Seoul April 28, 2010. REUTERS/Jo Yong-Hak/File Photo By Rae Wee and Samuel Indyk LONDON (Reuters) – The U.S. dollar turned higher on Tuesday after another disappointing set of Chinese

Dollar pauses climb ahead of payrolls test, Aussie firms By Reuters

© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration By Brigid Riley and Alun John TOKYO/LONDON (Reuters) – The dollar rested below the previous day’s four-week high against major peers on Friday as investors looked ahead to the jobs report due later in the day that

Asia FX under pressure, Aussie sinks as RBA holds rates By Investing.com

© Reuters. Investing.com — Most Asian currencies moved in a tight range on Tuesday as anticipation of key U.S. data this week boosted the dollar, while the Australian dollar slumped as the Reserve Bank held interest rates steady.  The greenback saw increased bids in Asian trade as overnight data showed that U.S. credit conditions were

US Ratings Downgrade Burns Pro-Growth Aussie

AUD/USD & AUD/NZD ANALYSIS & TALKING POINTS Ratings downgrade favors low risk USD. ADP employment change in focus today. Double top neckline breach on daily AUD/USD. Recommended by Warren Venketas Get Your Free AUD Forecast AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP The Australian dollar’s pain has been increasing against the US dollar after ratings agency Fitch downgraded

Dollar gains after relatively strong data, Aussie dollar slides By Reuters

© Reuters. FILE PHOTO: Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) – The dollar advanced against major currencies on Tuesday after relatively solid data on U.S. manufacturing and construction offset a decline in job openings last