Currency Note Worldwide

Chinese economy surprises with better than expected figures

By Ricky Bean September 23rd, 2014

  • We saw Chinese manufacturing Purchasing Managers’ Index (PMI) out overnight and surprise markets by being slightly better than expected. This has seen a short term boost in the Australian dollar. But we also had yesterday the Chinese Finance Minister highlighting at the G20 meeting in Australia stating that they would not be making any changes to economic policy based on individual economic indicators.
  • Retail sales from Canada are released today. The figures for this have been forecasted at 0.5%, down from the previous month of 1.1%. Any surprises could have an effect on the performance of the Canadian dollar.

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