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UBS on China's latest supportive policy:- "we see reason for optimism" (and a weaker yuan)
The news out of China from the weekend was of supportive policy moves:ForexLive Asia-Pacific FX news wrap: China shares up sharply after package to boost marketA snippet from UBS, analysts there are optimistic on the developments. On more broader moves from Chinese policy makers:China’s broader package of response measures is starting to take shape. This latest round of measures adds to a growing list of steps from China in recent weeks on the fiscal, monetary, and property front. Following seve...
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Posted: Aug 28 2023, 22:13
Author Name: forexlive
Views: 111765