# Yen tumbles, Australian, NZ dollars rally on upbeat China data

> The yen fell to 109.73 per dollar, its weakest since May, after an unexpected rebound in Chinese manufacturing lifted hopes for the world economy. The Australian and New Zealand dollars rallied, and the pound fell on a tightening UK election race.

- Date: 2019-12-02 · published 2019-12-02T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/55798-yen-tumbles-australian-nz-dollars-rally-on-upbeat-china-data
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Stronger Chinese factory activity signals firmer demand for imported commodities, supporting grain and meal prices, while a weaker yen raises the cost of Japanese feed imports.

## Read by commodity

- AUDUSD: bullish ▲
- GBPUSD: bearish ▼
- USDJPY: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2019/12/02/forex-markets-uk-elections-us-china-trade-in-focus.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.