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AUD, NZD, CNH all down: China PMI disappoints, worries re Country Garden potential default

CAD lower also. EUR and GBP dribbling along lonwer for the ride too. China's PMI was ugly:Chinese Caixin Services PMI for August 51.8 (expected 53.6, prior 54.1)And Country Garden has a coupon payment due today, a USD one, that it missed in early August - the 'grace period' expires in the hours ahead.:Chinese developer Country Garden has only hours to meet US$22.5mn paymentsIn addition to those currencies above, Chinese shares are down also:SSE is Shanghai Composite in the screenshot above...
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Posted: Sep 5 2023, 02:43
Author Name: forexlive
Views: 070112