Yuan, Aussie on tenterhooks ahead of China market re-opening

TOKYO - China’s yuan and its proxy, the Australian dollar, were poised for vulnerable day of trade on Monday in favor of safe-harbor currencies, in reaction to authorities’ drastic steps worldwide to curb the spread of a new virus which originated in China.

Immediate focus was on how China’s financial markets would fare when they reopen later in the day, after a Lunar New Year break that was extended to help stop a coronavirus which has killed as many as 350 people in China’s Hubei province. “Given the current fragile sentiment, I would not be surprised to see the Australian dollar slipping below its previous 10-year low,” said senior strategist Yukio Ishizuki at Daiwa Securities.

Why do you gotta make me go look up tenterhooks...

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Walmart temporarily limits 'non-business critical travel' to ChinaWalmart Inc , the world's largest retailer, said it is temporarily limiting... Sorry Goy, If it's business critical you're still going. Share holder value and what not. F*uck the employees Re: No vaccine for Wuhan, China CORONAVIRUS or SARS2 - can't give you a Lifelong Immunity. It's an RNA virus like Flu or common colds, IT MUTATES FROM HOSTS TO HOSTS, 10-14 day incubation period ..Stop using paper money if you can too. $XRP $BTC
Källa: Reuters - 🏆 2. / 97 Läs mer »