Chinese banks extended 651.3 billion yuan ($95.56 billion) in new yuan loans in October, below analysts' expectations and down sharply from 1.22 trillion yuan in September. Broad M2 money supply (M2) grew 11.6 percent from a year earlier, the central bank said on Friday, slightly above forecasts.
Outstanding yuan loans grew by 13.1 percent by month-end on an annual basis. Analysts polled by Reuters had expected new lending of 700 billion yuan in October, and forecast a 11.4 percent rise in money supply and a 13 percent rise in outstanding loans.
Aussie is currently being traded around 0.7570 level. Pair is likely to find support around 0.7550 handle and resistance above 0.76 area.
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
Forex Web News is part of Rolling Capital Network providing financial consulting.
Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.
Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.
All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.
We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.
Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.