Business Maverick: Slumping Asian Currencies Face More Risk From Slowdown in China

the supply of credit and boost the amount of money supporting smaller firms and the real economy.

The pandemic has hurt Southeast Asian currencies particularly hard, with the baht tumbling to a a three-year low in August. The Malaysian ringgit dropped to the the weakest in more than a year while the Philippine peso slid to a 15-month trough. Tuesday, Aug. 31: China manufacturing/non-manufacturing PMIs, Australia BoP current account balance and building approvals, India 2Q GDP, New Zealand business confidence and building permits, Japan and South Korea industrial production, Thailand BoP current account and trade balances

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Fonte: dailymaverick - 🏆 3. / 84 Consulte Mais informação »