Forex Across Asia Responds to Chinese COVID Policy
Key Forex pairs across Asia have been experiencing ups and downs in recent days due to China’s resistance to ending COVID-19 containment measures.
Key Forex pairs across Asia have been experiencing ups and downs in recent days due to China’s resistance to ending COVID-19 containment measures.
Over the past several trading sessions, the U.S. dollar has been losing against some other major global currencies. The proximate causes may include weakening optimism regarding inflation as well as improving economic prospects in Europe and China.
Citigroup, JPMorgan Chase, and Goldman Sachs have finally gained access to the Chinese market. After waiting for decades, can they rely on this opportunity to increase their growth?
Chinese producers saw year-over-year prices for raw materials rise in May by 9% according to a government report released on Wednesday, which was the fastest rate since 2008.
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