These latest comments are quite worrying, as it's the first indication that the central bank is thinking about cutting the rate. The suggestion that we're going to get lower rates is likely to lead to a weaker currency.
These latest comments are quite worrying, as it's the first indication that the central bank is thinking about cutting the rate. The suggestion that we're going to get lower rates is likely to lead to a weaker currency.
The Europeans are concerned that should China allow more appreciation in the yuan that we could see an acceleration of dollar weakness, and that could spill over into major markets, and we could see European currencies strengthening.
© 2020 Inspirational Stories
© 2020 Inspirational Stories