(Bloomberg) -- Global funds’ purchases of Chinese bank notes suddenly slowed in August as a strengthening yuan and a likely pullback in currency intervention...
-- Global funds’ purchases of Chinese bank notes suddenly slowed in August as a strengthening yuan and a likely pullback in currency intervention made a popular swap-based trade less appealing.Pipe Fire Near Houston Forces Residents to Evacuate
The foreign-exchange positions built by Chinese banks helped support the yuan when it was weakening earlier in the year against the dollar. However, the greenback has slipped against just about every Asian currency this quarter as traders bet that the Federal Reserve will cut interest rates. That eroded the need for the Chinese swap trades.
Moira Deeming kept ‘Liberal party mentor’ Peta Credlin in the loop ‘at all times’ amid Nazi stoush, court hearsJosh Stein plays it safe – and wrong – with his refusal to debate Mark Robinson | Opinion Soma Gold Corp. is pleased to announce updated results from its 2024 diamond drill program at the Cordero Mine on the Bagre Project in central Colombia . Results from the first nineteen diamond drill holes in this program were previously reported , with geochemical analysis pending for the remaining seven holes.
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