| Videos | Channels | Search |
Why some currencies have shelter from the storm
Despite the Ukraine crisis and China slowdown, both the Euro and the Aussie dollar seem unaffected by the noise and turmoil, why is that?
In the case
of the Aussie Dollar, it’s remained steady, close to three month highs,
apparently immune to the Chinese slowdown. The latest HSBC PMI data suggested
yet more contraction in China, especially among medium sized private factories.
The Aussie meanwhile remains robust due to possible rate changes with RBA intervention a clear possibility.
Again, the Chinese slowdown could actually benefit the Euro as well. People's Bank of China diversification away from US Treasury bonds could boost the Euro despite a manufacturing slump hitting the EU, which is China's largest global market.
01:54 minutes
Tags: aud, aud 2014, aud strength, audusd short, aussie, aussie bank rates, aussie dollar, aussie economy, aussie sterling, euro, euro dollar, euro zone, eurodollar, european central bank, foreign exchange strategy, forex, forex 2014, forex 2014 outlook, forex and more, forex buying, forex idea, forex market, forex markets, forex trade idea, forex trading, fx, fx award, fx crosses, fx forex, fx investing, fx market, fx markets, fx options, fx spot, fx strategy, fx trade, fx trade idea, fx trading, fx volatility, fxmarkets, rba, rba aussie, trade balance, trade idea, trade ideas, traders tale, traders tale saxo tv, tradingfloor.com