- AUD, NZD and JPY are all vulnerable – SocGen
Market news
25 August 2023
AUD, NZD and JPY are all vulnerable – SocGen
Kit Juckes, Chief Global FX Strategist at Société Générale, notes that China’s troubles are set to weigh on AUD, NZD and JPY.
The cracks in the Chinese economy are still worrying
The cracks in the Chinese economy are still worrying and the policy response isn’t strong enough to ease concerns.
AUD, NZD and JPY are all vulnerable, and there’s no getting way from the fact that the G10 currency whose economy is least sensitive to the Chinese economy, is still the US Dollar.
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