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China’s President Xi: We must be fully prepared to achieve next year's economic targets

China’s President Xi Jinping said on Monday, “we must be fully prepared to achieve next year's economic targets.”

Additional comments

We must affirm the confidence to win while doing next year's economic work.

Must maintain strategic focus and actively create an external environment that is favourable.

Current development faces many uncertainties and challenges, must be given high attention.

Market reaction

AUD/USD has caught a fresh bid wave on China’s stimulus optimism, rising 0.60% on the day to trade near 0.6430. The pair hit the lowest level in four months at 0.6373 on Friday.

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   0.10% -0.14% 0.36% 0.00% -0.62% -0.05% 0.13%
EUR -0.10%   -0.22% 0.38% -0.00% -0.62% -0.06% 0.11%
GBP 0.14% 0.22%   0.44% 0.22% -0.40% 0.17% 0.34%
JPY -0.36% -0.38% -0.44%   -0.39% -0.90% -0.54% -0.16%
CAD -0.01% 0.00% -0.22% 0.39%   -0.58% -0.06% 0.12%
AUD 0.62% 0.62% 0.40% 0.90% 0.58%   0.56% 0.74%
NZD 0.05% 0.06% -0.17% 0.54% 0.06% -0.56%   0.16%
CHF -0.13% -0.11% -0.34% 0.16% -0.12% -0.74% -0.16%  

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).

 

AUD/USD Price Forecast: Bullish reversal move looks likely

The AUD/USD pair finds temporary support and advances to near 0.6420 in Monday’s European session after posting a fresh four-month low near 0.6370 on Friday.
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CFTC: JPY turns net long for the first time in five weeks – Rabobank

US Dollar (USD) net short positions have increased for the third consecutive week.
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