MarcoPOLO@sh.itjust.works to World News@lemmy.ml · 3 months ago

China’s yuan leaps to 7-month high, led by stronger yen, unwinding of global carry trade

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China’s yuan leaps to 7-month high, led by stronger yen, unwinding of global carry trade

MarcoPOLO@sh.itjust.works to World News@lemmy.ml · 3 months ago

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China’s yuan strengthens to 7-month high as yen gains, carry trade unwinds

The sudden strength in funding currencies, particularly yen and yuan, dented carry trades, after weak US labour data last week stoked recession fears and fuelled bets on deeper rate cuts by the Federal Reserve.

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naturalgasbad@lemmy.ca
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3 months ago
Funny how your entire argument is invalidated by their previous article today:

China’s property bender has led to long, tough hangover: economist Mao Zhenhua

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