Asia-Pacific Markets Flat; Fed, Bank of Japan Rate Decisions Ahead This Week
Chinese yuan has room to weaken further in the near-term, Goldman Sachs says
There's still room for the Chinese yuan to weaken further, economists at Goldman Sachs said after both the onshore and offshore yuan fell to their lowest levels since July 2020 last week.weakness to persist in the near-term, underpinned partly by broad USD strength," strategists said in a note, adding the next key level to watch is 7.20, which was last tested in May 2020.
Such a move, however, will come in tandem with a"sizable" strengthening the U.S. dollar, they said in the note, adding"CNY is unlikely to weaken by 3% in isolation."As inflation remains stubbornly high, where can investors hide out given that U.S. stocks and bonds alike have been volatile? There are three types of funds that look appealing right now, according to Mark Jolley, global strategist at CCB International Securities. He named his favorites in each category.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
A Moving Hour Watching The Queen Lie In State The Day Before Her Final FarewellOmid Scobie shares his personal experience at Westminster Hall ahead of Monday’s state funeral.
Lire la suite »
First Mover Asia: Cryptos Slide in Weekend Trading; Did Ethereum Pick the Wrong Time to Merge?Ether, bitcoin and other major cryptos drop in weekend trading as investors eye the coming FOMC meeting and housing data; the Ethereum blockchain faces multiple headwinds in the near future. JPRubin23 and TheSamReynolds report
Lire la suite »
Sephora Launching ‘Asia Store of the Future’Sephora will launch what it calls the “Asia store of the future” in Singapore’s Raffles City Shopping Mall on Sept. 23.
Lire la suite »
TGI Fridays signs historic deal to expand chain to South and Southeast AsiaThe development agreement is for 75 new restaurants over the next 10 years.
Lire la suite »
Shiba Inu Lead Developer Provides Important Update on SHIB Burning Mechanism.ShytoshiKusama announces updates on ShibaEternity burns, Shibarium and the future of ShibaInu shibarmy shib $shib
Lire la suite »