China GDP Data Could Pose Downside Risks to Australian Dollar
China is scheduled to its key economic data on Friday and any downside surprises in the data are likely to weigh on the commodity currencies, mainly the Australian dollar (AUD).
China’s Slowdown Remains A Drag On Japan’s Export Growth
The economic slowdown in China has affected the growth of exports in other Asian countries, especially in Japan.
Dollar Remains Safe Parking Lot For Funds
The U.S. dollar is expected to hold its own as a safe-haven currency in the near term as risk aversion in the global financial markets remains amid the euro zone's troubles.
USD Gains as Dash to Safe Haven Currencies Gathers Pace Over Eurozone Fears
The U.S. dollar’s status as a safe-haven currency in risk aversion mode gains momentum again, as investors avoid risky assets amid intensifying concerns over the euroarea crisis. Besides, other safe-haven currencies such as Japanese yen (JPY) and Swiss franc (CHF), which also attract investors’ attention in risk-off environment, seems to be out of favor as their respective central banks doesn’t intend to see them appreciate.
German GDP Rebounds Sharply, Avoids Recession
German economic growth rose well above expectations in the first quarter this year, proving that the contraction in country’s gross domestic product (GDP) in the fourth quarter last year was not the start of recession.
Strong GDP Data Lends Support to EUR
The euro (EUR) rose against its major counterparts on Tuesday following the release of better-than-expected growth data in Germany and eurozone, although concerns over Greece exiting the eurozone remain intact weighing on the single currency.
Will Euro Touch Its 2012 Lows?
The downtrend in the euro (EUR) seems set to last in the coming weeks as the single currency continues to come under pressure due to political uncertainty, sovereign debt crisis, and deepening recession in the eurozone.
Slowing China’s Industrial Output to Pressure Beijing to Ease Monetary Policy
The slowdown in the economic activity of China continued in April as the weakening external demand and domestic consumption hit the industrial activity in the world’s second largest economy to reach its lowest level since May 2009, showing evidence that decelerating growth in the country is to yet find the bottom.
Slowing Chinese Economy Yet to Find a Bottom
The slowing Chinese economy seems to have not yet found a floor as the latest trade data shows further evidence that the world’s second largest economy is still struggling to post a strong rebound.
Euro Nears To Two-Year Low Against Pound on Bleak Data
The euro continued to weaken against the British pound to reach a near-two-year low on Wednesday, after the release of dismal economic data showing that the region is heading towards a deepening recession.
UK Manufacturing Output Falls, Raises Risk of Prolonged Recession
Manufacturing output in the UK surprised to the downside in April, as the exports orders of the country declined due to slowing eurozone economy, putting the British economy at a risk of prolonged recession.
Downtrend in Spain’s Unemployment Rate Could Continue
The downtrend in the unemployment rate of debt-stricken Spain is expected to continue in the coming months, as the deepening recession along with austerity measures likely to weigh on the labor market in the nation.
Eurozone Economic Sentiment Declines Sharply, Signals Deepening Recession
The economic confidence in the eurozone fell more-than-expected in April, showing evidence of region’s recovery in the early part of this year is temporary and raising concerns that the economy is heading towards deepening recession.
Resilience in Eurozone’s Growth Proves To Be Short-lived
The improvement in Euroarea’s economic activity in early 2012 proved to be temporary, as the re-emergence of sovereign debt crisis again strongly weighed on the region’s manufacturing activity in April.
