I’ve been struggling to find information about this searching the internet. Perhaps my resources for such information isn’t that great. Luckily there’s baby pips! I want to get an understanding of how Chinese economic data affects other currencies, namely the majors.
If China is doing well how do the EUR,CAD and USD do? If it is doing badly, as we have seen, what does that mean for the neighbouring currencies?
I understand certain relationships like if currency devalues this may be good for the JPY, AUD and NZD because it may spell cheaper imports for them. Does the same hold true for pairs like the EUR, CAD and USD?
It’s pretty straight forward when you analyze the information for a given country but I have a lot of difficulty understanding the relationship of one country’s economic data on another. What are some of the resources you all have used to develop your understanding of these relationships?