Get Started

Currency Market Analysis

Nov 15, 2019 | Currency Market Analysis

Global Themes

RMB climbs from two-week lows despite trade war fears

Financial markets were more unsettled overnight as fears grow that the US and China might be unable to resolve their trade differences.

In China, a sharp drop in industrial production, which neared a 17-year low at 4.7%, also

hit markets.

The news pressured the US dollar across markets and the RMB climbed from two-week lows.

Aussie hit

In Australia, a big drop in employment, with 19k jobs lost from the Australian economy, hit the AUD and caused markets to re-evaluate the chance of another rate cut from the

Reserve Bank of Australia.

The AUDHKD fell 0.8%.

US retail

Tonight’s focus is on US data with the October retail sales due at 9.30pm.

After a good performance mid-year, US retail sales have recently weakened.

Next week, the focus shifts to Europe with European Central Bank minutes due on Thursday.

Get the daily currency market analysis in your Inbox

Published five days a week, this newsletter provides day-to-day trends and activities affecting the market in easy-to-understand snapshots.