Currency Note Worldwide

Is the Yuan recovering?

By Ricky Bean November 9th, 2015

This week the Chinese will release their Consumer Price Index (CPI) and Industrial production data on Tuesday and Wednesday respectively. After finishing strongly on Friday, investors will hope that these figures beat expectation and buoy the Yuan recovery.

The Australian Business Confidence is out on Tuesday. There was a great increase between September and October, and it looked as though Australia were addressing a lot of their economic issues. However, since then we have seen things reverse for the Australians so this Business Confidence is expected to be lower this time round. Notably, we will also see their employment data out on Thursday.

Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.