Aussie falls amid devalued Yuan

Note: This section contains information in English only.
Source: WBP Online
The Australian national currency slipped against the Dollar, after the Chinese government unexpectedly depreciated Renmibi. The Australian Dollar fell 1% to 0.7333 against the Greenback by 7:25 AM GMT. The Aussie suffered, since China is Australia's largest export partner, therefore a weaker Yuan means that the Chinese companies will have smaller purchasing power of Australian goods.
Back to articles

Actual Topics

Tue, 11 Aug 2015 08:54:07 GMT

Greece clinches bailout deal with creditors

Greek officials and internationals lenders agreed on details of the new multi-billion-euro bailout deal on Tuesday after a 23-hour session of talks. The pact is estimated to be worth of 86 billion Euros, however there was no official confirmation of the bailout's size yet. Greek authorities said that they expect the agreement to be approved by parliament before the end

Tue, 11 Aug 2015 08:06:20 GMT

Euro declines against Greenback on PBoC intervention

The People's Bank of China decision to devaluate the Yuan caused the global risk-off sentiment, boosting demand for safe-haven currencies - the US Dollar and the Japanese Yen. The shared currency dropped 0.32% against the US Dollar at $1.0975 by 07:06 AM GMT. Meanwhile, the PBoC devalued the nation's currency to its lowest rate versus the Greenback in three years

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.