China’s NBS: Economy generally stable in Nov, sees increasing positive changes
Following the publication of the high-impact China’s activity data for November, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Monday.
Key quotes (via Reuters)
Economy generally stable in Nov, sees increasing positive changes.
Trend of recovery in consumption has not changed.
Will implement more policies to expand domestic demand.
New policies will gain more traction, but external situation has become more complex and severe.
Expect property market to improve further.
Need to stablize employment, increase incomes to boost consumption capacity.
On track to achieve key economic targets in 2024.
External environment will become more complex and severe next year, trade protectionism is rising.
Market reaction
AUD/USD is holding gains above 0.6350, up 0.16% on the day, at the press time.
Australian Dollar PRICE Today
The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.09% | -0.09% | 0.12% | -0.05% | -0.09% | -0.09% | -0.22% | |
| EUR | 0.09% | 0.06% | 0.32% | 0.11% | 0.18% | 0.06% | -0.07% | |
| GBP | 0.09% | -0.06% | 0.14% | 0.05% | 0.14% | -0.03% | -0.13% | |
| JPY | -0.12% | -0.32% | -0.14% | -0.19% | -0.21% | -0.22% | -0.27% | |
| CAD | 0.05% | -0.11% | -0.05% | 0.19% | 0.02% | -0.07% | -0.18% | |
| AUD | 0.09% | -0.18% | -0.14% | 0.21% | -0.02% | -0.12% | -0.25% | |
| NZD | 0.09% | -0.06% | 0.03% | 0.22% | 0.07% | 0.12% | -0.13% | |
| CHF | 0.22% | 0.07% | 0.13% | 0.27% | 0.18% | 0.25% | 0.13% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
