• Weaker CNY can drag Asian and commodity currencies weaker and keep the Dollar bid – ING

Noticias del mercado

14 agosto 2023

Weaker CNY can drag Asian and commodity currencies weaker and keep the Dollar bid – ING

The Dollar starts the week on the strong side. Economists at ING analyze Greenback’s outlook.

High US rates + poor overseas environment = strong Dollar

High US bond yields and what seems to be a deteriorating environment in the Chinese financial sector are weighing on risk assets. 

Unless Chinese authorities can surprise with some powerful stimulus measures, the weaker Chinese Renminbi can drag Asian and commodity currencies weaker and keep the Dollar bid.

US Dollar Index (DXY) risks pushing up the 103.50/103.60 area this week.

 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: