Asian currencies slip as investors worry about rising China COVID cases

Asian currencies slip as investors worry about rising China COVID cases

From brecorder.com

Most Asian currencies were on the back foot on Wednesday as a surge in Chinese COVID cases led investors to shun risker assets on concerns the spreading infections in the world’s second-biggest economy will hamper regional economic growth. The Philippines peso and the Indonesian rupiah were leading the laggards for the day, losing about 0.4% and 0.3%, respectively. A continued surge in COVID-19 cases in China spurred a risk-averse sentiment, undermining the optimism from the previous day, when Beijing announced a loosening of travel restrictions. Beijing said it would stop requiring inbound travellers to go into ... (full story)

When china open for tourist, aud and nzd strong. When china hv covid case rise, aud also strong. So, how we read the news than ?

- Older Stories
From China to inflation, 5 economic trends to watch in 2023
From aljazeera.com|Dec 28, 2022
The global economy had a rocky year in 2022. As the worst of COVID-19’s effects on public health receded, the war in Ukraine and China’s tough “zero COVID” curbs injected new ...
How To Win The Game Of Trading: 6 Lessons Learned After 30 Years Of Trial And Error
From newtraderu.com|Dec 28, 2022|9 comments
Trading can be a very expensive educational process for professionals from other fields that feel like they are smart enough to beat the markets with no experience. In trading, we ...
China's economy continues to drive world economic recovery and growth in 2023
From english.news.cn|Dec 28, 2022|5 comments
The year 2022 has seen the world economy limping on through the shockwaves of a barrage of unknowns. And the year 2023 could be off to a fairly rough start due to the continued ...

- Newer Stories
China Economy Faces Bleak Few Months, Faster Rebound Next Year
From bnnbloomberg.ca|Dec 28, 2022
China’s removal of the last of its Covid curbs will likely bring more disruption to the economy through the first quarter as infections surge, while increasing the possibility of ...
Is the NZD too cheap?
From blog.hycmlab.com|Dec 28, 2022
Over the last 22 years from December 24 to December 31, the NZDUSD pair has gained over 90% of the time and has risen 20 times. The largest gain was over 4% in 2010. Will we see ...
Global economy is heading into a decade of low growth, economist says
From cnbc.com|Dec 28, 2022
The global economy likely faces a decade of sluggish growth, according to Daniel Lacalle, author and chief economist at Tressis Gestion. Economies around the world have been ...

Related Stories