Currency Note Worldwide

Chinese yuan and Australian dollar both on the up

By Ricky Bean September 28th, 2015

There will be two major economic indicators released from Australia next week – after the currency gained almost half a percent on both the dollar and sterling on Friday, investors will be hoping that the results of these will be above expectations once again.

Much like the Australian dollar, the Chinese yuan also rose against sterling and the US dollar on Friday and there is hope that this will be the start of a much needed recovery. Thursday is the busiest day for China this week, with the release of both the Manufacturing and the Caixin Final Purchasing Managers’ Index (PMI). Both fell short of predictions last time around, so they will be needing better results to help bolster the yuan’s recovery

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