After starting the week with losses, USD/CNY is showing limited movement. Currently, the pair is trading at 6.89, up 0.01% on the day. In economic news, Chinese New Loans fell sharply to 1140 billion yuan in December down from 1390 billion a month earlier. This figure was well below the estimate of 1250 billion yuan. China will release GDP for the fourth quarter on Friday, with growth expected to remain unchanged at 6.0%.
It remains a quiet week for AUD/USD. The pair is currently trading at 0.6905, up 0.06% on the day. There are no Australian events on the schedule. We could see stronger movement from the pair on Friday, as China releases fourth-quarter GDP.
NZD/USD is slightly higher in Thursday trade. Currently, the pair is trading at 0.6635, up 0.28% on the day. Later in the day, New Zealand releases the Business NZ Manufacturing Index. The indicator has shown slight expansion in the previous two releases, with readings just above the 50-level.