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AUD and NZD are in negative area
Written by: PaxForex analytics dept - Monday, 14 January 2019 0 comments
The US currency at the beginning of the new trading week rose to the Australian and New Zealand dollars, which are considered among investors as indicators of global risk appetites. The reason was the rather weak fundamental data on the Chinese economy, which heightened fears of a sharp slowdown in the growth of the country's economy.
Chinese exports in December decreased by 4.4 percent in annual turnover — a maximum of 2 years, indicating a continued decrease in the planet’s 2nd largest economy.
The data had an impact on the Australian and New Zealand dollars, which this morning decreased by 0.5 and 0.4 percent, respectively. China is the main commercial partner of Australia.
The US dollar slightly increased against the offshore yuan after falling 1.5 percent last week - a record since January 2017.
The dollar index slowed down to a basket of key currencies by 0.1 percent to 95.59.
The single European currency traded without sharp fluctuations at the level of $ 1.1473. On Friday, the euro lost 0.3 percent after the fundamental releases pointed to the threat of a recession in Italy, the third largest economy in the eurozone.
The pound sterling also traded without a clear trend at the level of $ 1.2842 at the beginning of the week, which is likely to be quite volatile for the British currency.
The British parliament tomorrow will hold a vote on the Brexit terms proposed by Prime Minister Theresa May and approved by the European Union, but the likelihood of lawmakers approving the deal is very small.