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NZD/USD breaks below 0.5900, remains subdued following China’s trade data
The NZD/USD pair continues its downward trajectory for the third consecutive session, hovering near 0.5890 during Friday's Asian trading hours. The decline follows the release of China's latest trade data, which pointed to a slowdown in external demand.
Fxstreet
Fri, May 9
China's exports, imports beat expectations in April
BEIJING, May 9 (Reuters) - China's exports rose faster than expected in April, while imports narrowed their declines, customs data showed on Friday, giving Beijing some relief ahead of ice-breaker tariff talks with the U.S. this weekend.Outbound shipments from the world's second-largest econ...Reuters
Fri, May 9
China's April exports beat expectations, imports narrow declines
BEIJING, May 9 (Reuters) - China's exports expanded 8.1% year-on-year in April, while imports contracted 0.2%, customs data showed on Friday, both defying expectations for a much sharper slowdown in trade.Economists polled by Reuters had forecast a 1.9% increase in exports and a 5.9% drop in imp...Reuters
Fri, May 9
USD/INR surges due to risk aversion triggered by escalating India-Pakistan tensions
The Indian Rupee (INR) loses ground against the US Dollar (USD), extending its losses for the fourth successive session on Friday. The USD/INR pair opened with a gap up following approximately 1% gain in the previous day. Traders will likely await India’s FX Reserves data due later in the day.Fxstreet
Fri, May 9
AUD/USD moves below 0.6400 ahead of China’s trade balance data
The AUD/USD pair continues its losing streak for the third consecutive session, trading near 0.6390 during Friday's Asian session. The Australian Dollar (AUD) remains under pressure due to stalled progress in US-China trade negotiations.Fxstreet
Fri, May 9
