-- One of Asia’s most lucrative currency trades risks becoming a victim of its own success, according to analysts, with investors blindsided if the market suddenly turns.Borrowing China’s yuan and buying rupees with the proceeds is a top regional play this year. The strategy takes advantage of India’s higher interest rates as officials in both countries keep their currencies in a tight range. Citigroup Inc.
The trade is getting tailwinds from the diverging economic outlooks for the two countries. India is the fastest-growing major economy, the central bank’s main interest rate is at a six-year high and officials are using its war chest of reserves to keep volatility to a minimum. That stands in contrast to China, where growth momentum is lackluster and the real estate sector is still plagued by defaults.
Given weak domestic demand, the currencies of north Asian countries, notably China’s, “will likely stay on the weak side compared to the Indian rupee,” said David Hauner, head of global emerging market fixed-income strategy at Bank of America Corp. “We actually see USD/CNY going quite a bit higher toward 7.45 by the end of the year.”This dividend stock has a strong history of dividend payments and growth, but offers even more for long-term investors. The post This 8.
Shares of this Canadian company are a no-brainer, high yield investment for investors seeking reliable income in 2024 and beyond. The post My Top No-Brainer, High-Yield Dividend Stock to Buy in 2024 appeared first on The Motley Fool Canada.Money expert Kelley Keehn simplifies the proposed changes to the capital gains tax and offers actionable advice. Learn what capital gains tax is, grasp the proposed changes targeting wealthy Canadians, and understand their potential impact on families.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Fonte: BNNBloomberg - 🏆 83. / 50 Consulte Mais informação »