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Risk on the defensive ahead of European trading

Despite the best efforts by Beijing to try and defend the yuan, it is on the verge of its lowest levels since November last year against the dollar. And that is indirectly dragging the aussie and kiwi lower today, alongside the more dour mood in equities.Asian stocks are selling off hard today, largely in part thanks to Chinese equities. The main story as Eamonn pointed out here is the continued trouble and struggle of one of China's top property developer, Country Garden. Oh, how the mighty hav... Read More

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Content Topics

Risk

Defensive

Ahead

European

Trading

Forex

Posted: Aug 14 2023, 04:10

Author Name: forexlive

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