Performance Of The Australian Dollar
The Australian dollar maintains strength following the PBOC’s interest rate decision. China’s economy grew by 4.8% year-on-year in the third quarter of 2025, aligning with expectations.
The EUR/USD pair hovers around 1.1650, influenced by the downgrade of France’s credit rating to A+ from AA-. GBP/USD stays above 1.3400, as a softer USD counters dovish Bank of England expectations.
Gold trades below $4,250, with demand easing post-festive season. In the cryptocurrency market, Mantle, Zcash, and Bittensor recover over the weekend, balancing previous declines.
Accompanying these fluctuations, BNB, Solana, and Cardano suffer double-digit losses as total crypto market liquidations surpass $1 billion in 24 hours. Anticipation builds for the upcoming Trump-Xi meeting at the APEC summit, viewed as a pivotal diplomatic event amidst rising global tensions.
Global Economic Indicators
We are seeing clear signs of a slowdown in China, with fixed asset investment contracting by 0.5% this year instead of growing as expected. This is a significant reversal from the 4.2% growth we saw in 2024, indicating the long-troubled property sector continues to drag down the economy. Traders should consider this a strong headwind for industrial commodities and related markets.