Created
: 2025.03.04
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
China's NPC: Willing to solve concerns with the US through consultation and dialogue
World FX news
Breaking news
China's NPC: Willing to solve concerns with the US through consultation and dialogue
New
2025.03.04 13:52
2025.03.04 13:52
2025.03.04 13:52
A spokesperson of China's National People's Congress (NPC) commented on the additional 10% tariffs imposed by the United States (US) on Chinese imports on Tuesday.
Key quotes
China, US both committed to making lives of their people better.
Trade between both is mutually beneficial in nature.
Trade between countries should follow World Trade Organization (WTO) rules.
Trade disputes should be solved within WTO framework.
Hope that the US, China will move in same direction through equal consulation.
Hope both can find solution on equal footing,
China ready to work more closely with other countries to safeguard the hard-earned multilateral trading system.
Willing to solve concerns with the US through consultation and dialogue but will not accept threats and oppression.
We will firmly defend our sovereignty, security, development interests.
Hope we will go back to right track of solving problems.
Natural for there to be some disagreements, but important that respect each other's core interest and major concerns.
Australian Dollar FAQs
One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment - whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) - is also a factor, with risk-on positive for AUD.
The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive.
China is Australia's largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar (AUD). When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected. Positive or negative surprises in Chinese growth data, therefore, often have a direct impact on the Australian Dollar and its pairs.
Iron Ore is Australia's largest export, accounting for $118 billion a year according to data from 2021, with China as its primary destination. The price of Iron Ore, therefore, can be a driver of the Australian Dollar. Generally, if the price of Iron Ore rises, AUD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Iron Ore falls. Higher Iron Ore prices also tend to result in a greater likelihood of a positive Trade Balance for Australia, which is also positive of the AUD.
The Trade Balance, which is the difference between what a country earns from its exports versus what it pays for its imports, is another factor that can influence the value of the Australian Dollar. If Australia produces highly sought after exports, then its currency will gain in value purely from the surplus demand created from foreign buyers seeking to purchase its exports versus what it spends to purchase imports. Therefore, a positive net Trade Balance strengthens the AUD, with the opposite effect if the Trade Balance is negative.
Last updated
: 2025.03.04
Related articles
Pound Sterling holds onto gains against US Dollar on mounting Fed dovish bets
23 minutes agoGold props up gains after tit-for-tat trade war emerges
40 minutes agoUSD/CNH: Potential for USD to rise to 7.3250 - UOB Group
43 minutes agoChina: CPI inflation likely negative in February - Standard Chartered
47 minutes agoUSD/JPY can trade in a range between 148.50 and 150.50 - UOB Group
49 minutes agoNZD/USD: Expected to continue to trade between 0.5590 and 0.5640 - UOB Group
55 minutes ago
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
Pound Sterling holds onto gains against US Dollar on mounting Fed dovish bets
The Pound Sterling (GBP) trades firm near 1.2700 against the US Dollar (USD) in Tuesday's European session.
New
2025.03.04 18:56Gold props up gains after tit-for-tat trade war emerges
Gold's price (XAU/USD) edges higher and trades around $2,910 at the time of writing on Tuesday after surging over 1% the prior day.
New
2025.03.04 18:39USD/CNH: Potential for USD to rise to 7.3250 - UOB Group
US Dollar (USD) is likely to edge higher vs Chinese Yuan (CNH); mild momentum suggests any advance is likely limited to a test of 7.3150. Strong advance indicates there is potential for USD to rise to 7.3250, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.03.04 18:36Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data.
New
2025.03.04 18:33China: CPI inflation likely negative in February - Standard Chartered
Official manufacturing PMI rebounded in February; 2-month average suggests steady production activity. Trade performance likely weakened last month due to both the holiday and tariff impact. CPI may have dropped y/y on a fall in prices of food, fuel and services, as well as a high base effect.
New
2025.03.04 18:32USD/JPY can trade in a range between 148.50 and 150.50 - UOB Group
Outlook is unclear; US Dollar (USD) could trade in a range between 148.50 and 150.50 vs Japanese Yen (JPY). In the longer run, bias for USD is slightly tilted to the downside; unclear for now whether it can break and stay below 148.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.03.04 18:30Cocoa prices decline on fading supply fears - ING
The cocoa market continues to sell off, with London cocoa pulling back aggressively. The nearly 11% drop yesterday has cocoa trading at its lowest level since November, ING's commodity experts Ewa Manthey and Warren Patterson note.
New
2025.03.04 18:27NZD/USD: Expected to continue to trade between 0.5590 and 0.5640 - UOB Group
New Zealand Dollar (NZD) is expected to continue to trade in a range vs US Dollar (USD), most likely between 0.5590 and 0.5640. In the longer run, room for NZD to continue to weaken; it remains to be seen if 0.5565 is within reach, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.03.04 18:24USD/JPY: Short bias on the day - OCBC
USD/JPY fell below 149-levels this morning amid sharp pullback in UST yields. Pair was last at 148.98, OCBC's FX analysts Frances Cheung and Christopher Wong note.
New
2025.03.04 18:21Silver Price Forecast: XAG/USD climbs to $31.80-$31.85 zone; upside potential seems limited
Silver (XAG/USD) attracts buyers for the second straight day on Tuesday and moves further away from a nearly four-week low, around the $30.85-$30.80 region touched last Friday.
New
2025.03.04 18:05Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
