{"id":45775,"date":"2023-08-08T05:09:55","date_gmt":"2023-08-08T09:09:55","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/forex\/safe-haven-dollar-gains-on-weak-chinese-trade-data\/"},"modified":"2023-08-08T05:09:57","modified_gmt":"2023-08-08T09:09:57","slug":"safe-haven-dollar-gains-on-weak-chinese-trade-data","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=45775","title":{"rendered":"Safe-haven dollar gains on weak Chinese trade data"},"content":{"rendered":"
\n

Investing.com — The U.S. dollar traded higher in early European trade Tuesday, with risk sentiment hit as disappointing Chinese trade data pointed to continued weakness in Asia\u2019s largest economy.<\/p>\n

At 03:20 ET (07:20 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.3% higher at 102.190, climbing away from Friday’s one-week low of 101.73.<\/p>\n

Chinese trade data points to slow recovery<\/strong><\/p>\n

Data released showed that China’s fell an annual 14.5% in July while contracted 12.4%, falling at their fastest pace since the COVID pandemic in 2020.<\/p>\n

The struggles of China, the world\u2019s second largest economy and major regional growth driver, hit risk sentiment, resulting in traders moving toward the safe-haven dollar.<\/p>\n

rose 0.3% to 7.2128, while fell 0.7% to 0.6525, with the Australian economy closely linked to the Asian giant\u2019s performance, given China is a major export market for Australia\u2019s raw materials.<\/p>\n

Markets are also awaiting data on , due overnight, which is expected to have remained muted in July.<\/p>\n

U.S. inflation is the week\u2019s main focus<\/strong><\/p>\n

That said, Thursday’s will be the week\u2019s data highlight, with traders keen for more clues of the likely future path of ahead of September\u2019s Fed meeting.<\/p>\n

Expectations are climbing that the U.S. central bank will end its year-long tightening cycle next month, and traders will be looking for signs that inflation is slowing.<\/p>\n

That said, in the United States are expected to have risen 4.7% on an annual basis in July, which could help the dollar push further higher.<\/p>\n

German annual inflation retreats<\/strong><\/p>\n

fell 0.2% to 1.0978 after consumer prices rose on the month in July, an annual rise of , below June\u2019s 6.4% rise.<\/p>\n

The single currency retreated in the previous session on news that dropped more strongly than forecast in June, and signs that inflation is moderating in the eurozone\u2019s largest economy could persuade the to pause its rate-hiking cycle.<\/p>\n

Elsewhere, fell 0.2% to 1.2763 and rose 0.4% to 143.09, with both sterling and the Japanese yen coming under pressure from the stronger dollar.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Investing.com — The U.S. dollar traded higher in early European trade Tuesday, with risk sentiment hit as disappointing Chinese trade data pointed to continued weakness in Asia\u2019s largest economy. At 03:20 ET (07:20 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.3% higher at 102.190, climbing away from […]<\/p>\n","protected":false},"author":1,"featured_media":14032,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[244],"tags":[83],"class_list":["post-45775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex","tag-featured"],"yoast_head":"\nSafe-haven dollar gains on weak Chinese trade data | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Investing.com -- The U.S. dollar traded higher in early European trade Tuesday, with risk sentiment hit as disappointing Chinese trade data pointed to\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=45775\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Safe-haven dollar gains on weak Chinese trade data | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Investing.com -- The U.S. dollar traded higher in early European trade Tuesday, with risk sentiment hit as disappointing Chinese trade data pointed to\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=45775\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-08T09:09:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-08T09:09:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/moved_LYNXMPEI7L03X_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"534\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=45775#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=45775\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Safe-haven dollar gains on weak Chinese trade data\",\"datePublished\":\"2023-08-08T09:09:55+00:00\",\"dateModified\":\"2023-08-08T09:09:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=45775\"},\"wordCount\":345,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Forex\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=45775#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=45775\",\"url\":\"https:\/\/ifintechworld.com\/?p=45775\",\"name\":\"Safe-haven dollar gains on weak Chinese trade data | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-08-08T09:09:55+00:00\",\"dateModified\":\"2023-08-08T09:09:57+00:00\",\"description\":\"Investing.com -- The U.S. dollar traded higher in early European trade Tuesday, with risk sentiment hit as disappointing Chinese trade data pointed to\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=45775#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=45775\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=45775#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Safe-haven dollar gains on weak Chinese trade data\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Safe-haven dollar gains on weak Chinese trade data | iFintechWorld","description":"Investing.com -- The U.S. dollar traded higher in early European trade Tuesday, with risk sentiment hit as disappointing Chinese trade data pointed to","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=45775","og_locale":"en_US","og_type":"article","og_title":"Safe-haven dollar gains on weak Chinese trade data | iFintechWorld","og_description":"Investing.com -- The U.S. dollar traded higher in early European trade Tuesday, with risk sentiment hit as disappointing Chinese trade data pointed to","og_url":"https:\/\/ifintechworld.com\/?p=45775","og_site_name":"iFintechWorld","article_published_time":"2023-08-08T09:09:55+00:00","article_modified_time":"2023-08-08T09:09:57+00:00","og_image":[{"width":800,"height":534,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/moved_LYNXMPEI7L03X_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=45775#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=45775"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Safe-haven dollar gains on weak Chinese trade data","datePublished":"2023-08-08T09:09:55+00:00","dateModified":"2023-08-08T09:09:57+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=45775"},"wordCount":345,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Forex"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=45775#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=45775","url":"https:\/\/ifintechworld.com\/?p=45775","name":"Safe-haven dollar gains on weak Chinese trade data | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-08-08T09:09:55+00:00","dateModified":"2023-08-08T09:09:57+00:00","description":"Investing.com -- The U.S. dollar traded higher in early European trade Tuesday, with risk sentiment hit as disappointing Chinese trade data pointed to","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=45775#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=45775"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=45775#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Safe-haven dollar gains on weak Chinese trade data"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/45775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45775"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/45775\/revisions"}],"predecessor-version":[{"id":45776,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/45775\/revisions\/45776"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/14032"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}