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17 Jan 2025

China’s NBS: Domestic demand is insufficient

Following the publication of the high-impact China’s fourth-quarter growth and December activity data, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Friday.

Key quotes (via Reuters)

China's economic operations were generally steady in 2024.

The impact from the external environment changes is deepening.

Domestic demand is insufficient.

Economic operations still face many difficulties and challenges.

Expect January consumer price rises to quicken.

Expect a mild rebound in consumer prices in 2025.

Market reaction

AUD/USD is defending gains above 0.6200, marginally higher on the day, at the press time.

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   -0.03% -0.01% 0.12% -0.03% -0.04% -0.05% -0.04%
EUR 0.03%   0.00% 0.19% -0.01% -0.02% -0.02% -0.01%
GBP 0.01% -0.01%   0.15% -0.01% -0.03% -0.03% -0.02%
JPY -0.12% -0.19% -0.15%   -0.15% -0.18% -0.18% -0.17%
CAD 0.03% 0.00% 0.01% 0.15%   -0.03% -0.02% -0.01%
AUD 0.04% 0.02% 0.03% 0.18% 0.03%   -0.00% 0.00%
NZD 0.05% 0.02% 0.03% 0.18% 0.02% 0.00%   0.01%
CHF 0.04% 0.01% 0.02% 0.17% 0.00% -0.01% -0.01%  

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).

 

Jan 17, 2025

AUD/JPY climbs above mid-96.00s after Chinese data; upside potential seems limited

The AUD/JPY cross recovers slightly from a nearly one-month low, around the 96.26 region touched during the Asian session on Friday and for now, seems to have snapped a two-day losing streak.
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Jan 17, 2025

Silver Price Forecast: XAG/USD maintains position above $30.50 amid strong Chinese data

Silver price (XAG/USD) holds steady after three consecutive days of gains, trading near $30.80 per troy ounce during the Asian session on Friday.
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