News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Oil - US Crude
Wall Street
More View more
Real Time News
  • #ASX200 struggling to break above key resistance at 6000 after Westpac retracted its calls for an #RBA rate cut in October RSI hints at fading bullish momentum which suggests that a push towards the monthly low is on the cards, if 200-MA resistance (6020) remains intact. $XJO
  • $AUDJPY poised to move higher after finding support at the 200-day moving average. $CADJPY eyeing a push back towards the yearly high $EURJPY perched atop key support after breaking below Rising Wedge support. Are further losses in the offing? $JPY
  • Gold price vs. US Dollar Index (DXY) -52 weeks
  • Join @ZabelinDimitri 's #webinar at 11:30 PM ET/3:30 AM GMT to find out how geopolitical risk will affect the markets in the week ahead. Register here:
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Gold: -0.02% Silver: -0.10% Oil - US Crude: -0.24% View the performance of all markets via
  • The US Dollar continues to show tones of reversal as Q3 winds down. Can buyers drive the currency through the Q4 open? Get your #currencies update from @JStanleyFX here:
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.43% 🇳🇿NZD: 0.20% 🇬🇧GBP: 0.18% 🇨🇦CAD: 0.03% 🇪🇺EUR: 0.02% 🇨🇭CHF: 0.01% View the performance of all markets via
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.63%, while traders in EUR/GBP are at opposite extremes with 64.46%. See the summary chart below and full details and charts on DailyFX:
  • 10 out of 11 S&P 500 sectors ended higher on Friday, with half of the companies in the green. Information technology (+1.63%), consumer discretionary (+1.44%), utilities (+1.12%) were among the best performing ones, whereas energy (-0.26%) lagged.
  • The Hang Seng Index (HSI) has likely formed a bullish “AB=CD” pattern, with the “D” point found at around 23,080. A rebound from the “D” point may lead to more gains with an eye at 23,760 and then 24,200.
Australian Dollar Declined as Chinese Industry Takes Losses

Australian Dollar Declined as Chinese Industry Takes Losses

2012-08-26 02:17:00
Gary Kerdus,

THE TAKEWAY: Chinese industrial profits declined further > Could weigh on Aussie exports, potentially exerting pressure on RBA officials to adjust monetary policy > Australian Dollar declined

The Australian Dollar lost ground to the U.S. Dollar leading into the Chinese industrial profits data release which posted an accelerated decline from the prior month. In June, profits for the Chinese industry declined by 2.2 percent, marking a continuation in losses which began in late February of this year. July was no different, registering profit declines at -2.7 percent.

The strength of China’s industrial sector is important to Australian exports as China is a major importer of Aussie resources. If global demand for Chinese production continues to weaken, then it’s likely that industrial firms will reduce the amount of goods ordered from Australia to meet the change in demand. This of course should likely weigh on the Aussie economy where policy officials may be prompted to adjust lending rates accordingly. Looking forward, the RBA is scheduled to meet on September 4, where officials would have the opportunity to adjust their monetary policy stance.

AUD/USD, 1 Minute Chart

Australian_Dollar_declines_as_Chinese_Industry_Takes_Losses_body_Picture_1.png, Australian Dollar Declined as Chinese Industry Takes Losses

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.