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ForexLive Asia-Pacific FX news wrap: USD edges higher still

ForexLive Asia-Pacific FX news wrap: USD edges higher still
Morgan Stanley cuts China 2023 GDP growth forecast to 4.7% (from 5.0%)Further Chinese intervention to prop up the yuan: State banks USD/CNY sellersAUD/USD marked lower after the poor employment report - is there a caveat though?Australia July Jobs -14.6K (vs. +15K expected) & Jobless rate 3.7% (vs. 3.5% exp)Hong Kong's Hang Seng index to open nearly 2% lower today, down 20% from January highPBOC sets USD/ CNY central rate at 7.2076 (vs. estimate at 7.3047)HSBC highlight two continuing headwinds... Read More
Posted: Aug 17 2023, 03:00
Author Name: forexlive
Views: 022127

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