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

📆 8/30/2021 2:33 AM
📰 dailymaverick

⏱ Reading Time:
27 sec. here
2 min. at publisher
📊 Quality Score:
News: 14%
Publisher: 84%

United States News News

United States United States Latest News,United States United States Headlines

From Covid risks to talk of a reduction in U.S. stimulus, there’s been no shortage of bad news for Asian currencies. An upcoming report on China’s manufacturing sector may add to the pressure.

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

If I enjoy this privilege all alone, it shows how ungrateful I’m because I got this opportunity from a post here as well and saw recommendations too. All thanks to the good work of Linda_Stouffe

United States United States Latest News, United States United States Headlines

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

Business Maverick: U.S. Gasoline Jumps, Oil Steady as Hurricane Ida Roils SuppliesU.S. gasoline futures jumped and oil was steady after Hurricane Ida barreled ashore in Louisiana, disrupting energy supplies in the world’s largest economy at a time of rising commodity prices.
Source: dailymaverick - 🏆 3. / 84 Read more »