Industrial production in China slows down in July

Note: This section contains information in English only.
Source: FXstreet
The data released on Wednesday showed that industrial production in China slowed down to 6% year-on-year in July, missing the estimated 6.6%. Moreover, the growth in retail sales slowed to 10.5% year-on-year. Meanwhile, weak production figures and the fall in the domestic retail sales in China triggered the PBoC for the further Yuan devaluation, in order to support economy and defend export. 
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Wed, 12 Aug 2015 09:57:05 GMT

European stocks lower amid growing concerns on China

Equity markets in Europe moved lower on Wednesday as Chinese authorities continued with the Yuan devaluation, rising concerns over the growth outlook for the world's second largest economy. The pan-European Stoxx 600 index slumped 2%, the German DAX erased 2.12%, while the French CAC 40 lost 2.27%. Devaluation of Yuan scared many investors to move from risky equities into safe-haven

Wed, 12 Aug 2015 09:35:14 GMT

Aussie tumbles as PBoC devalues Yuan further

The Australian Dollar extended its losses and hit 2009 low on Wednesday, as China devalued the national currency for the second day in a row. The AUD/USD pair was traded 0.11% lower at $0.7292 by 07:41 AM GMT. China is one of the biggest Australia's trading partners, while the Aussie has the largest exposure to the world's second biggest economy

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