Chinese yuan renminbi news

After some key activity data and the passage of the debt ceiling bill last week, markets could be in for a relatively quieter week on the data front. With the US Federal Reserve expected to pause hiking rates, inflation moderating in recent months, and US economic growth showing signs of resilience, optimism has been running high in equities.

The GBPUSD exchange rate was at risk of testing fresh multi-week lows after Chinese data boosted demand for the dollar and confirmed expectations of a Federal Reserve hike in US interest rates.

Fed’s Harker Pushes Idea of Rate Hike Pause Following Strong US Jobs Data; Chinese Factory Growth Boosts Asian Stocks; US Debt Deal Passes House; Negative German CPI

​​Outlook on FTSE 100, DAX 40 and Hang Seng as another negative China growth surprise weighs on sentiment.

Asian indices have fallen sharply after China’s manufacturing activity contracted faster than expected in May – another sign that China’s post-Covid recovery is losing momentum. What is the outlook for the Hang Seng, ASX 200, and the FTSE Straits Times Index?

Australia CPI Rises to 6.8%; Chinese Stocks Drag Down Equities; US Debt Deal Passes Congressional Committee; US Dollar Remains Strong; Preliminary German CPI Awaits.

The Australian Dollar slipped after China’s primary manager’s index (PMI) data missed estimates, adding to concerns about the global growth outlook. If the slowdown continues, will it sink AUD?

EUR/USD appeared to mount a defence against the relentless selling of the pair on Tuesday. Mixed Chinese data also weighs on the Euro as USD hike odds point to a hike