Beijing devalues Yuan

Note: This section contains information in English only.
Source: WBP Online
Currency of the world's second largest economy declined against the Greenback on Tuesday, after the PBoC devalued the Yuan. The Dollar soared 1.9% to 6.3299 against the Yuan by 7:15 AM GMT. The move came after the Chinese exports fell by 8.3% in July, on a year-over-year basis. The Chinese government has become worried over the slowing economy, therefore, a weaker currency could increase demand for its goods. 
Back to articles

Actual Topics

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

Mon, 10 Aug 2015 11:17:03 GMT

Aussie slips on cheap commodities and weak data from China

The Australian Dollar extended its depreciation against the Greenback on Monday amid falling prices of commodities and disappointing economic data from China. The Aussie dropped 0.78% at $0.7360 by 10:27 AM GMT. The main pressure on the Australian currency came from the downturn in commodities, with aluminium and copper hovering around multi-month lows and oil prices continued to slide.

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.