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).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.