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...

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: Reuters - 🏆 2. / 97 Read more »