MarcoPOLO@sh.itjust.works to

World News@lemmy.ml · 11 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 · 11 months ago

5

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

The sudden uptick in funding currencies, particularly yen and yuan, dented carry trades, after weak US labour data late last week stoked recession worries and expectations of deeper rate cuts by the Federal Reserve.

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naturalgasbad@lemmy.ca
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11 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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