Key Chinese data releases likely to affect commodity backed currencies

Key Chinese data is released on Wednesday which will be very closely scrutinized by markets as they try and identify the true state of one of the world’s largest economies and a key driver of economic growth. Markets are worried that we will see some poor figures following the recent lacklustre purchasing manager surveys. We also have the release of the last monetary policy meeting minutes for the Australian Reserve Bank meeting on Tuesday and inflation figures out of New Zealand, which, given that their economies are closely entwined to that of China’s could well lead to greater volatility for their respective currencies.

Looking to buy or sell currencies? Contact your trader now for live rates and updates, as well as for currency-buying solutions.