Monday, 17 June 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
AUD/USD Keeps Losses Despite Big Beat on China Exports
Monday, 10 June 2019 09:22 WIB | CURRENCIES |DOLLARAussieDollar Australia,AUD/USD,

AUD/USD is struggling to gain ground despite the above-forecast China exports data. The currency pair is currently trading at 0.6982, having hit a session low of 0.6979 soon before press time.

China's exports rose 7.7% year-on-year in CNY terms in May, beating the expected rise of 4.7% by a big margin. Meanwhile, imports, a barometer of domestic demand, fell 2.5%, missing the expected increase of 5.8% and down significantly from the 10.3% rise registered in April. As a result, the trade surplus ticked higher to CNY 279.100 billion from 93.57 billion.

In US Dollar terms, exports rose at 1.1% year-on-year, while imports dipped 8.5%, yielding a trade surplus $41.65 billion.

An uptick in China's exports indicates the global demand conditions are holding up well despite the escalating trade tensions. However, the domestic demand in China is weakening, meaning consumer spending may not be able to compensate for the decline in international trade and the nation could witness a deeper economic slowdown in the near future.

As a result, the riskier assets may come under pressure during the day ahead, pushing the AUD to fresh session lows below 0.6979. So far, however, the futures on the S&P 500 have remained bid with a 0.30 percent gain. Gold prices, however, have retreated sharply to $1,330 from 14-month highs above $1,345 hit on Friday. The American Dollar, therefore, will likely remain bid across the board.

Source : FX Street

RELATED NEWS
Dollar Reaches Two-Week High as Investors Prepare For Fed Meeting...
Monday, 17 June 2019 15:40 WIB

Dolar AS naik ke level dua minggu tertinggi pada hari Senin setelah data ekonomi yang kuat pekan lalu membuat investor menilai kembali apakah Federal Reserve akan terdengar dovish seperti yang diharap...

USD/JPY: Tokyo open welcomes risk-on amid quiet trading...
Monday, 17 June 2019 07:52 WIB

USD/JPY diperdagangkan sedikit positif ke 108,60 pada saat pasar Tokyo buka pada hari Senin. Meskipun kurangnya perkembangan baru mengenai pergolakan perdagangan AS-China dan tidak adanya data utama ...

Sterling on track for sixth week of losses against the euro...
Friday, 14 June 2019 15:44 WIB

Pound Inggris melemah lagi pada Jumat seiring investor memangkas posisi mereka pasca Brexiteer Boris Johnson bergerak semakin dekat untuk menjadi perdana menteri berikutnya, menempatkan sterling di ja...

Dollar Set For Weekly Gain Before Fed Meeting...
Friday, 14 June 2019 08:39 WIB

Dolar tetap stabil di awal Asia pada hari Jumat, dan ditetapkan untuk menunjukkan kenaikan mingguan seiring fokus investor beralih ke pertemuan Federal Reserve minggu depan sebagai isyarat kemungkinan...

Yen rallies as sentiment sours, jobs data knocks Aussie...
Thursday, 13 June 2019 15:14 WIB

Yen menguat pada hari Kamis karena memudarnya harapan terhadap kesepakatan perdagangan AS-China pada pertemuan G20 bulan ini dan protes jalanan besar-besaran di Hong Kong mendorong investor beralih ke...

LATEST NEWS
U.S Stocks Mixed as Fed Meeting Comes Into View

U.S. stocks struggled for direction on Monday after the opening bell as investors hoped to glean clues from the Federal Reserve later this week on the likelihood of rate cuts this year. The S&P 500 was up less than 0.1% to 2,888. The Dow Jones...

Oil Prices Slip as Economic Worries Outweigh Tanker Tensions

Oil prices slipped on Monday as signs of an economic slowdown amid international trade disputes began to outweigh supply fears stoked by attacks on oil tankers in the Gulf of Oman last week. Brent futures fell 35 cents, or 0.56%, to $61.66 a...

Gold poised to snap 4-day rally as metal hits a wall at around $1,370

Gold futures retreated on Monday, after a multiday rally as bullion, which has benefited from concerns about international trade clashes and a weakening global economy. The yellow metal for August delivery fell $7.50, or 0.6%, to $1,337, after...

POPULAR NEWS
Gold pares gains on stronger dollar, posts a modest weekly decline
Saturday, 15 June 2019 01:23 WIB

Gold futures pared much of their earlier gains Friday as a strength in the dollar dulled the dollar-denominated metal's appeal to investors. Prices...

Stocks fall as chipmakers slide and China data disappoints
Friday, 14 June 2019 23:45 WIB

Stocks fell on Friday as investors digested a drop in semiconductor shares alongside weak data out of China. The Dow Jones Industrial Average...

U.S. oil prices settle higher for the session, down for the week
Saturday, 15 June 2019 03:09 WIB

U.S. oil futures scored back-to-back session gains on Friday, as attacks on oil tankers near the Strait of Hormuz a day earlier raised risks to the...

Hong Kong stocks finish week with another loss (Review)
Saturday, 15 June 2019 04:00 WIB

Hong Kong stocks fell Friday, capping a tumultuous week that saw a sharp sell-off fuelled by violent protests in the city, while investors are also...