Fundamental view: Euro has lost some ground against the greenback this week. This week started with the news of Ever Grande crisis the largest Chinese property. Evergrande, was at risk of default, which could result in a disruption of the entire country’s financial system. Meanwhile, The US Federal Reserve had a monetary policy meeting and [...]
The Australian Dollar has been traded on the peak mostly during Friday’s trading session. Reports from Evergrande USD bondholders did not yet receive interest payments mere hours before the deadline. That roughly amounts to US$83.5 million. There was no immediate reply from the company as the world continues watching China for a potential liquidity crisis. [...]
Gold prices shaded off today after the U.S. Federal Reserve signalled easing its monthly bond purchases by next year and a sooner-than-expected interest rate hike, which could increase the opportunity cost of holding the non-yielding bullion. Yesterday afternoon’s statement from the Federal Reserve’s Open Market Committee (FOMC) was deemed mostly neutral on U.S. monetary policy [...]
Aussie pair has eased from the daily high as investors reconsider the risks associated with the Evergrande repayment announced on Thursday. The Aussie pair are consolidating their losses of the previous four days after China's headlines provoked a dangerous mood. China accounts for more than 35 percent of Australian exports. This bias is serious. Although [...]
