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WRAPUP 2-China exports accelerate amid trade tensions, imports surprise
Rewrites first paragraph, adds context in 2, trade surplus with U.S. 9, comments and full-year data 12, markets 15Dec exports +10.7% y/y, versus +6.7% in Nov (Reuters poll +7.3%)Trump trade risks, Lunar New Year prompt frontloading: analyst China's trade surplus rose to $104.8 billion in DecemberBy ...Reuters
Mon, Jan 13
GBP/USD Price Forecast: Dives to its lowest level since November 2023 amid relentless USD buying
The GBP/USD pair remains under heavy selling pressure for the fifth straight day and dives to its lowest level since November 2023, around the 1.2125 region during the Asian session on Monday.
Fxstreet
Mon, Jan 13
China's yuan hovers near 16-month low despite official support
SHANGHAI, Jan 13 (Reuters) - The yuan hovered near 16-month lows against the dollar on Monday, despite more support measures for the currency and as the greenback remained buoyant following strong U.S. jobs data.The yuan is under renewed depreciation pressures, affected by a combination of a broadly...Reuters
Mon, Jan 13
CORRECTED-UPDATE 1-China's central bank chief vows to supply ample liquidity
Corrects the amount in the last paragraph to 800 billion yuan, not $800 billion yuan HONG KONG, Jan 13 (Reuters) - China's central bank chief said on Monday the government will support moderately loose monetary policy to maintain ample liquidity as it tries to stimulate the economy and soften the...Reuters
Mon, Jan 13
FOREX-Towering dollar after solid jobs data leaves peers struggling
Dollar underpinned by strong U.S. jobs dataBeijing steps up defence of yuanSterling still at mercy of gilt market routUpdates to Asia afternoonBy Rae Wee and Ankur Banerjee SINGAPORE, Jan 13 (Reuters) - The dollar began the week on a strong note on Monday, leaving its peers languishing near multi...Reuters
Mon, Jan 13
Australia, NZ dlrs languish near multi-year lows, bonds extend global sell-off
AUD above five-year low, NZD near two-yr troughLocal jobs data key to RBA easing expectationsChina December trade data was better-than-expected SYDNEY, Jan 13 (Reuters) - The Australian and New Zealand dollars languished near multi-year lows on Monday after a strong U.S. jobs report led markets ...Reuters
Mon, Jan 13
UPDATE 1-China's export growth quickens amid trade risks, imports surprise
Adds details, background throughout BEIJING, Jan 13 (Reuters) - China's export growth picked up steam in December, while imports recovered, closing out the year on a positive note as the world's second-largest economy braces for mounting trade risks with the incoming U.S. administration.Outbound ...Reuters
Mon, Jan 13
China's Dec dollar-denominated exports grow 10.7% y/y, imports rise 1.0%
BEIJING, Jan 13 (Reuters) - China's export growth quickened in December, expanding 10.7% from a year earlier in value terms, while imports rose 1.0%, customs data showed on Monday.A Reuters poll of economists had forecast 7.3% growth in exports and a 1.5% decline in imports. Those compared with an 6...Reuters
Mon, Jan 13
China's central bank chief: will use interest rates and RRR to keep ample liquidity
HONG KONG, Jan 13 (Reuters) - China's central bank chief said on Monday the government will support moderately loose monetary policy to maintain ample liquidity.Pan Gongsheng, governor of the People's Bank of China, told the Asia Financial Forum in Hong Kong that the central bank will apply various ...Reuters
Mon, Jan 13
BUZZ-COMMENT-AUD/USD strong support may slow clear downtrend
Jan 13 (Reuters) - The Australian dollar has been in a clear downtrend since hitting a 19-month high of 0.6943 in October but proximity to a long-term support level and an over-extended 11.3% drop may slow the decline.The AUD's fall to a near five-year low of 0.6139 on Friday brings key support at 0...Reuters
Mon, Jan 13
China FX Committee says to resolutely keep yuan basically stable
SHANGHAI, Jan 13 (Reuters) - The China Foreign Exchange Committee said it will resolutely keep the yuan exchange rate basically stable at reasonable and balanced levels, the country's central bank said on Monday.The committee is a forum under the sponsorship of the central bank and the foreign excha...Reuters
Mon, Jan 13
China cenbank relaxes offshore borrowing rules amid yuan weakness
SHANGHAI, Jan 13 (Reuters) - China's central bank said on Monday that it raised a parameter on cross-border corporate financing under its macro-prudential assessments (MPA) to 1.75 from 1.5, effective on the same day.The move comes as the yuan currency hovers around 16-month lows. The ratio dictates...Reuters
Mon, Jan 13
