Rising yen and the Australian dollar depreciated

23.09.2015
Rising yen and the Australian dollar depreciated

Today, after data showed that factory activity in China fell to a year low, he realized that the yen will appreciate, while the Australian dollar will drop.

 

The preliminary value of the index Caixin / Markit, which monitors economic activity in China fell to 47.0 in September, which is the lowest level since March 2009 and below market expectations of 47.5 points.

 

Data heightened fears of a sharper than expected slowdown in growth in the second largest economy in the world and generated sales of commodity currencies, while at the same time supported the yen, which is considered a safe haven currency. The Australian dollar fell 0.9 percent to $ 0.7026, moving away from near four-week high of 0.7280 reached on Friday.

 

 

Avstraliiyskiyat dollar against the yen lost 1.2 percent to 84.14. The yen also become more expensive and the dollar, as the greenback lost 0.3 percent to 119.79 yen.

 

The dollar index fell to 96.263 points, but today hit their highest levels since September index 96.484 points.

 

Recent signs of slowing economic growth in China could reinforce uncertainty about the possible lifting of interest rates by the US Federal Reserve, analysts said. The US central bank refrained from raising interest rates.

 

The euro rose 0.2 percent against the dollar has lost about 1.4 percent for the week after comments from ECB recently heightened expectations that the central bank za increase the cash incentives.

Comments: 0

Comments