Story perspectives

Commodity Currencies Fall Amid Chinese Growth and Oil Dip

1/18/2025

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Summary

Story summary

Commodity currencies, such as the Australian, New Zealand, and Canadian dollars, declined due to risk aversion and Chinese economic data.
China's Q4 GDP growth reached 5.4%, exceeding forecasts, with industrial production increasing by 6.2%.
Crude oil prices dropped following a ceasefire agreement between Israel and Hamas.
The Australian and New Zealand dollars approached month-long lows against the yen and euro.
Key upcoming data includes Eurozone inflation and U.S. housing starts.

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Story summary

Commodity currencies, such as the Australian, New Zealand, and Canadian dollars, declined due to risk aversion and Chinese economic data.
China's Q4 GDP growth reached 5.4%, exceeding forecasts, with industrial production increasing by 6.2%.
Crude oil prices dropped following a ceasefire agreement between Israel and Hamas.
The Australian and New Zealand dollars approached month-long lows against the yen and euro.
Key upcoming data includes Eurozone inflation and U.S. housing starts.