Japan’s Suzuki: Will take necessary actions on FX

“ Additional comments Won't comment on forex levels. FX stability is desirable. Watching FX moves with high sense of urgency. Deeply concerned about fx impact on economy. Rapid and one-sided moves undesirable. His comments come as USD/JPY reached a fresh 38-year peak on Wednesday at 160.87. At the time of writing, the pair is losing 0.21% on the day to trade below 160.50.

How does the health of the Chinese Economy impact the Australian Dollar? 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 . 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.

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